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CITY,N.D. (NewsDakota.com) A Vanguard commercial property appraiser says the Valley City auditorium known as the “Audi” is worth an estimated 0,000 dollars.

City Assessor Sandra Hansen said the city has made some improvements to the Historic 1936 building.

Mayor Bob Werkhoven said stories about a pending sale with an interested party last November are now on hold.

Last November City Administrator David Schelkoph announced that an interested party would purchase the building pending city approval.

Local businessman Bob Bergen told KOVC radio news in November that the proposed plan was to renovate the structure into a rental properties.