It was late summer of 2007 when the old Watergate Hotel sold off all its contents amid a massive renovation effort, with plans to reopen as something fancier, newer, or at least less shabby. But then, of course, the bottom fell out of the financial markets, and it seems the long-delayed plans for construction are finally abandoned. The hotel is going on the auction block on Tuesday, the Post reports. The hotel's owner, Monument Realty, was financed mainly be Lehman Brothers, so you can guess what happened. Alex Cooper Auctioneers will start the bidding at $1 million at their Wisconsin Ave. offices.

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If a scandal occurs regarding the auction, will it be called Watergate-gate or Gate-gate?
"$1,000,000.01"
TEAR IT DOWN!!!!!!!!!!!!!
Is it just the hotel that's being auctioned off, or does it also include the part where all those really wealthy 90-something ladies live in run-down, million-dollar condos?
Hmmm. If I find enough change under my couch cushions, I might put in a bid because I might meet more women this way. I have a thing for wealthy dowagers. You see, it's not about the money--it's all about an overuse of perfume, Rascal scooters and little yappy dogs in tow. I'm not ashamed of what turns me on.
Does Monica Lewinksy still live there?
I think she blew that joint.
can they please auction off the Safeway to a better, cleaner grocery store owner?