Landmark Inn auction winner out

Local News

URBANA, Ill. (WCIA) — An update on the auction for the Landmark Hotel.  

The company that won the auction JWM Ventures is out.

The contract was canceled after JWM couldn’t come up with the $130,000 deposit.

The money was due with 24 hours of winning the auction, though JWM was given a week.

Another buyer, which has not been identified has put down a deposit. 

Closing is scheduled for November 12th.

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