Ramshackle apartments, site of emergency drill Tuesday, interest potential developers

Terrorists disclosed they'd stored chemical weapons inside a high-rise, and emergency workers had to go in and secure them.

The make-believe scenario Tuesday at Keystone Towers made for a daunting plotline.

But the derelict structure's true situation is daunting, as well.

The Marion County Health Department boarded up the 13-story apartment building, a block off Keystone Avenue on East 45th Street, in August 2008 after the eviction of the last remaining residents.

The owner, Southeastern Partners of Hickory, N.C., owes more than $1.3 million in back taxes and penalties, and an additional $500,000 in 2008 taxes will be due soon.

"It looks unlikely (Southeastern Partners) will come back and reclaim it," said David Wu, Mayor Greg Ballard's policy director.

But spokesman Mark Wilson said Southeastern is negotiating with a nonprofit consortium that wants to convert the building into senior apartments. Wilson declined to disclose the consortium's identity.

Built in 1973, Keystone Towers was touted as the city's first project to have a mix of apartments and retailers.

Today, weeds and mud choke its parking lot, windows are broken, and its walls sport graffiti such as "Vile" and "Warrior Boyz."

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