Asbestos-riddled building fails to sell at Indiana auctionIndianapolis, Indiana - In Indianapolis, Indiana, the Keystone Towers building has failed to find a new owner at auction. The auction, held online, wrapped up last week. The duration of the auction was seven days, and the starting bid was only $600,000. No bidders met the reserve price, likely due to the delinquent taxes owed on the property. In addition, asbestos, mold, and water damage are serious problems within the building.
Asbestos exposure is conclusively linked to the development of mesothelioma, a rare form of cancer. Mesothelioma affects less than 3,000 Americans each year, and while there are palliative treatment methods available, including chemotherapy, radiation therapy, and surgical interventions, there is still no known cure. Mesothelioma often take up to five decades to develop, but once the first mesothelioma symptoms have become apparent the majority of mesothelioma patients lose their battle with the disease within just two years of being told they are ill. The cancer has three forms: peritoneal (stomach and abdominal), pericardial (lining of the heart), and pleural (lining of the lungs).
The Keystone Towers were built in the 1970s, and its earliest tenants included affluent residents such as professional athletes. These days, the towers have fallen into disrepair, and in addition to asbestos, the towers are rife with rats and human feces left by homeless transients. Police are often seen raiding the building to evict the homeless people who have taken shelter there. The future of the building is now unknown.
