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Chris Wood, the son of the owners of Broken Angel, wrote in with an update on the story:

We had a meeting on Friday with the Department of Buildings. We were told that they would begin demolition on the building in 3 weeks from now, if we do not submit plans by an architect/engineer to bring the building to code. The city would do the work and then place a lean on the property. To have the city do the work would zero out the value of the property and leave my parents with nothing. We understand that the Department of Buildings is in a difficult situation, as there are some safety concerns with the building. We are attempting to comply with the Department of Buildings, and would like to submit plans as soon as we can get an architect/ engineer on board. If any qualified individuals are willing to work with us in this short time frame we would very much appreciate it. I can be contacted at chriswood718@yahoo.com

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Three weeks isn't a lot of time to come up with engineering plans-- and the Woods are in a tough spot: either let the city knockdown the building, or go bankrupt paying the city to do the rehab. Can anyone think of a happier solution?