Panama: Nobody wants to buy Noriega's old mansion

AP News
Posted: Jun 16, 2011 7:26 PM
Panama: Nobody wants to buy Noriega's old mansion

Nobody wanted to buy former Panamanian dictator Manuel Noriega's old house _ again.

Panama's Division for the Promotion and Sale of State Property says no bids were received in the auction of the abandoned, weed-choked mansion valued at $2.5 million in Panama City's posh San Francisco district.

Thursday's auction was the second unsuccessful attempt to sell Noriega's main residence. Indigents were living in it until recently.

The mansion was expropriated from the dictator following the Dec. 20, 1989 U.S. invasion along with several properties and ranches.

Panama legislation states that authorities can hold a third auction, and if that fails, they can sell the property directly for half the value set for the auction or more.