The management is having a slight problem with selling this stone. When the company moved its operation to the South Works, they leased out many of the buildings to private companies. I'm guessing about 11 of them. When the leases were given, the company told the leasee that if they (the MTW Co.)would sell the Peninsula the leasees have 1st right of refussal to purchase the building/s their operating out of. Well the MTC co. didn't do what they said they'd do. They sold or offered to sell the Peninsula to a single Company. Something called Manitowoc Developemt inc. or something like that. It's not one of the companies that's renting any of the buildings now. Well I know of 2 of the leasee's that are suing the MTW Co. over breach of contract.
There's talk that the 2nd thing wrong with the Peninsula is the ground is polluted, VERY POLLUTED. It's loaded with PCB's and paint residue. One estimate to clean it up would be more than the Peninsula is worth. The city of Manitowoc looked at buying the Blue building (the office), they would combine City Hall & the County offices all in one building. Great Move, but the pollution thing came up and that was the end of that idea. But it was a great idea. They'd have enough room for both entitties with plenty of extra room for the future.