Yes you can own the floundering Las Olas Riverfront entertainment complex in Downtown Ft. Lauderdale.  It's actually going to go up for public auction on August 5 at 11 AM at the Broward County Courthouse.  The property has been in a foreclosure suit for missing a payment on it's $22 million mortgage. 

The property was built in 1998 with a portion of public funds and had the potential to be a huge draw for residents and tourists.  The movie theater has gone down hill, tenants have come and gone and the place has a hard time swooning new businesses.  The location is great...right along the New River close to Arts District. 

The current owners (Boca Developers) bought Riverplace in 2005 and had plans to build three towers on the property...a hotel, office building and condos.  The snag was that Riverfront was originally built with public funds, so that limited what could be done with it.

Hopefully there will be a buyer with a vision...and can pump some money and life back into this complex.  A hotel might be just what it needs (and a nicer movie theater...like the Palace in Boca).  West Palm Beach did a great job with their City Walk complex, so I know it can be done. 

If you're bidding...good luck!