Carisbrook should be sold to the highest bidder. The council would then be able to pay back the loans that were raised to buy it. The council would then be no longer responsible for interest payments, maintenance and demolition costs.
And the new owner could put Carisbrook to productive use, perhaps as industrial land, providing jobs and contributing to the city's economy.
But I think that the Council will be reluctant to take this course of action because the sale price of Carisbrook is likely to be much less than the $7 million which was paid for it.
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