Private property or not, Why don't we have codes that mandate at least some form of   plan with a reasonable timeline for properties like this. I'm sure the Changs picked this up cheap but why is it government can't represent the publics interest in seeing this property either brought back to full function or torn down. They've had plenty of time to go one way way or the other. The old " it's my place and if I want to create the biggest eyesore imaginable that's MY business!" might fly in rural Alaska but I think we can and should do better in our city. Others  like the McKay building come to mind. Why must we be forced to look at these derelicts for years and years? I'm all for private property rights but at what cost. Tourism is an important part of our future and we need to get tough with these slum lords.