Copia Goes Up For Sale
It looks like Copia, the the American Center for Wine, Food and the Arts in Napa Valley, is finally down for the count for good. Its Napa site is being sold by Alvarez & Marsal Real Estate Advisory Services LLC which has been retained by ACA Financial Guaranty Corp. to market and oversee sale of the property. Copia closed last November and filed for bankruptcy. The prime real estate includees 17 acres on the Napa River over three contiguous parcels. It may be sold or leased as a whole or as individual pieces.The Copia building is a two-story, 78,632-square-foot building that includes a teaching kitchen and rooms for exhibits and the grounds include expansive gardens. The Napa nonprofit was the dream of wine great Robert Mondavi who envisioned it as a centerpiece for the wine tourism industry in Napa Valley. No sale price has been listed and it's not clear if it will be used again as a tourist destination although the size and design of the facility doesn't lend it to many other purposes.
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