Erlanger Health System officials said Monday that the stalled sale of the Lifestyle Center downtown will be going through, but at a lower price.
Britt Tabor, chief financial officer, said the purchasers, Todd Phillips and John Foy of Noon Management LLC, had discovered problems with the roof and the HVAC.
The initial agreed price was $4.8 million, but that has been lowered to $4 million.
Mr. Tabor said Erlanger will get out of high operational costs and an existing mortgage.
Kevin Spiegel, Erlanger CEO, said it has arranged that cardiac rehab patients will still be able to use the third floor of the facility at 325 Market St.
There had been consideration of moving that unit to the Erlanger Volkswagen facility, but that would not have been convenient for many of the patients, it was stated.