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General Wayne Inn sold to developer

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    By Mary Blakinger INQUIRER SUBURBAN STAFF, 29 Nov 00 Metro Development Co. in Philadelphia, headed by commercial developer Michael Grasso, bought the Main
    Message 1 of 1 , Nov 29, 2000
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      By Mary Blakinger
      INQUIRER SUBURBAN STAFF, 29 Nov 00

      Metro Development Co. in Philadelphia, headed by commercial developer Michael
      Grasso, bought the Main Line's historic General Wayne Inn, its contents and
      its liquor license this afternoon following a nearly four-hour auction.

      The 291-year-old inn is well know in Lower Merion and the aera as a colonial
      meeting place and, more recently, crime scene.

      Local preservationists expressed relief that the inn and its many
      furnishings, many of them reflecting the area's colonial history, will remain
      intact.

      David Grasso, Michael Grasso's son, said the building could be used once
      again as a restaurant or for offices.

      The final undisclosed purchase price was hammered out between the Metro
      Development and the sellers, who had the option to reject the high bid for
      the entire property, in private negotiations that came after Grasso had
      entered the highest public bid of $700,000 this morning.

      Four years ago, the inn's then co-owner, James Webb, was shot and killed in
      his office. Prosecutors last month charged his business partner, Guy Sileo,
      with the crime.
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