STEVENS POINT (WAOW) -- Sentry Insurance officials said they plan to buy the former Ramada in Stevens Point and tear the building down.
The Ramada and Tilted Kilt restaurant closed on Sunday and 104 employees lost their jobs.
According to Sentry leaders, the Ramada has been for sale for a number of months. They signed an agreement to buy the site, which covers about 13 acres of land. Leaders with Sentry and the city plan to meet on Friday to discuss the future of the project, which is part of a TIF district. No word yet on what Sentry's plans are for the site.