Part 7/10:
The bankruptcy of Grossinger Associates in 1990 further complicated matters, forcing the sale of the half-finished property. It was during this tumultuous time that the hopes of reopening the resort were dashed as new owners struggled to maintain a fraction of the iconic hotel's former glory. The property changed hands multiple times, including a brief revival of a portion of the resort under Korean businessman Song Ki-min, whose aspirations ultimately fell short.
A Descent into Abandonment
As the years progressed, Grossinger's lay neglected, caught in a vicious cycle of failed renovations and financial instability. By the early 2000s, the property had become synonymous with decay—overgrown grounds and crumbling structures were visible reminders of its former grandeur.