BOULDER — The Daily Camera’s longtime home might not change hands as soon as expected, as bidders for the downtown Boulder building have pulled out of discussions, the newspaper’s publisher said.
Randy Nichols — the top bidder for the 1048 Pearl St. property that has been for sale since November — nixed negotiations, Camera publisher Al Manzi said Tuesday. Other bidders have withdrawn as well, citing the state of commercial financing, he said.
“We know how difficult the credit markets are right now, so it’s not surprising that would be an issue,” Manzi said.
Camera officials will continue to try to sell the building, although officials might hold off on a sale for a couple of years, Manzi said.
The Camera has operated at the same corner for 118 years. The property is owned by E.W. Scripps, which owned the now-closed Rocky Mountain News, and ap, owner of The Denver Post.
Nichols, who was partnering with Boulder-based Communication Arts on the project, could not be reached for comment.
Richard Foy, a partner at Communication Arts, said several factors appear to have played into Nichols’ decision, including a saturation of available office space in downtown Boulder.
Stephen Tebo of Boulder-based Tebo Development was another bidder for the building. He did not say whether he pulled his bid but did say the market for retail, office and condominium buildings is not “stellar.”
