IRS a friend to Redstone |

IRS a friend to Redstone

Most of us cringe at the mention of the Internal Revenue Service, but the IRS and federal government have made some friends in the Redstone area.

Following the government seizure of the castle and its surrounding properties due to suspicions that security fraud may have been committed by one of its owners’ other companies, the tourist attraction’s future was in doubt.

But the IRS is keeping an essential cog of the Redstone business community in place by allowing the historic Redstone Castle to remain open through the summer.

There’s no denying the importance of the Redstone Castle to the town’s economy. It is the area’s most famous landmark and, in a community of 100 people, it doesn’t take much to make or break the short summer tourist season for area businesses.

Ultimately it was the decision of the U.S. Attorney’s Office to decide the fate of Redstone Castle, but, as the de facto owner until the castle is either sold or returned to owners Tranquil Options LLC, the IRS must have held considerable sway in the decision.

The Redstone community obviously understands the importance of the government’s decision to allow the castle to stay open for business through the summer.

And the Redstone businesses have stepped up to take advantage of the grace period given the castle.

The Redstone Inn is acting as the booking agent for tours and a limited number of special events. Also, a number of area organizations and businesses are trying to find a buyer who will keep the castle as a tourist attraction, rather than a private residence.

The ultimate goal of the IRS is to sell the property and use the money to repay some of the people it believes may have been bilked by previous owner Leon Harte and his limited liability company, Reserve Foundation Trust LLC.

Leaving the castle open for the summer is a short-term solution, but probably the best solution available to the community. And it bodes well for Redstone and the castle that the community’s concerns are being taken into consideration.

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