ASBESTOS AND PROPERTY VALUES CONVERGE
Asbestos-riddled building fails to sell at Indiana auction
The presence of asbestos in any building can have a negative effect on property values, as illustrated by the disappointing turnout at a recent real estate auction in Indianapolis.
Weitz & Luxenberg has protected the legal rights of asbestos-injured workers since 1986. And in that time the firm's mesothelioma lawyers have won several billion dollars in verdicts and settlements for clients injured by occupational asbestos exposure.
December 8, 2009 - The Keystone Towers building in Indianapolis, Ind., failed to find a new owner last week during an online auction that started at only $600,000. No bidders met the reserve price.
Auction observers said that was likely due to the delinquent taxes owed on the property, as well as the asbestos, mold, and water damage that are serious problems within the building.
The Keystone Towers were built in the 1970s and its earliest tenants included affluent residents, including professional athletes. These days, the towers have fallen into disrepair and the future of the building is now unknown.
The truth about asbestos
Asbestos exposure is linked to the development of mesothelioma cancer, which kills approximately 3,000 Americans every year.
Widely used in the 20th century as a building and insulating material, asbestos is a serious health risk, especially for workers in the construction industry.
Mesothelioma has a poor prognosis and can take decades to develop, making both diagnosis and treatment difficult. On average, a patient dies within 18 months of being diagnosed with mesothelioma.
Time to seek justice
If you have been diagnosed with mesothelioma and seek a free case review, please notify us through the communication form on this page. We will pursue your claim with vigilance to help you pay for medical bills, lost wages, and suffering.
Please know, the firm works on a contingency basis so there is no cost to you until we obtain a verdict or reach a settlement in your favor.