Former Martinsville Hotel Sold For $1

Martinsville, VA -- A Martinsville building just sold to a new owner for a dollar!

City council voted Tuesday night to sell the former Henry Hotel. It is going to a Petersburg development firm. They plan to turn it into apartments and businesses.
It's only selling for a dollar because the Harvest Foundation gave the city a $330,000 loan to buy the building years ago. City council says fixing it up will be an important part of developing Uptown.