CANTON: The historic Timken Stables, built for the horses of industrialist Henry H. Timken Sr., will go on the auction block Monday with a minimum price of $222,667.
The sale is being forced by PNC Bank, which holds the mortgage on the property owned by Hany “Mike” Potroos, who formerly operated the Stables Restaurant and Hall of Fame Grille at the site.
Potroos, believed to be living out of state, owes $503,013 to the bank, plus interest and penalties accrued after May 9, according to Stark County Common Pleas Court records.
If the property sells Monday, Stark County should collect $15,080 in back taxes, according to county Treasurer Alexander Zumbar.
Potroos took out the loan from National City Bank, which was subsequently purchased by PNC.
It is not clear whether anyone will step forward to buy the property for a restaurant or any other purpose.
The unusual round building is visible from Interstate 77 and near the Pro Football Hall of Fame, but separated from areas in Jackson Township where many similarly sized eateries are located. It is listed on the National Register of Historic Places.
The property failed to attract a buyer at two previous auctions.
Only one bidder appeared for a private auction held in 2009, when the minimum bid of $825,000 was not met.
No one bid at a sheriff’s sale in October when the minimum was $334,000.
Potroos bought the property and the business at 2317 13th St. NW in 2001 and 2002 from former NFL player Chris Spielman and his late wife, Stefanie.
Potroos paid $685,000 for the property in 2002, according to county Auditor Alan Harold. Court documents show the business sold for $135,000 in 2001.
The property is now appraised for tax purposes at $300,000. The building dates to 1894.
It is not clear when the restaurant closed. A sign posted on the front lawn indicated it had been rented to a congregation of Messianic Jews.
Potroos did not return a call placed to a Springfield, Ore., insurance agency bearing his name. A real estate agent with whom the property was listed for sale at $600,000 also did not return a phone call.
Since Potroos bought the property, a number of lawsuits were filed for back bills for uniform rentals and food supplies.
He also lost a wrongful death lawsuit: A court awarded $2 million to the estate of a 65-year-old developmentally disabled woman from Perry Township who died three days after falling on a step at the property in February 2009.
Representing himself in court, Potroos said the restaurant had no record of the accident, and that the woman should have waited to be seated by an attendant.
Potroos had no liability insurance at the time. Court records show he claimed he could not afford the premiums.
Court records show Potroos has not paid any of the judgment, which was upheld on appeal.
Monday’s sheriff’s auction will begin at 10 a.m. at the south door of the Stark County Courthouse on Central Plaza North.