entertainment, drinking and dining complex, Church Street Station eventually experienced a steep decline in attendance and had largely closed as a club-hop by the end of the 1990s. The demise of the attraction as a leading nightlife complex has been directly attributed to Walt Disney World's opening of a competing complex, Pleasure Island, featuring multiple clubs with a single entry fee. The addition of a large retail complex in 1985 failed to reinvigorate the location. Baltimore Gas and Electric Besides competition in the entertainment and retail business, owner Baltimore Gas and Electric (BGE) increased overhead for retailers as much as 55% while not providing support and promotion. BGE invested 25% of the cost of building the retail complex in 1985 and purchased the Church Street Station property in 1989 but was not willing to make the needed investments to keep the property competitive and viable. BGE wrote off $12M to reflect the decline in the value of the property in March 1997. In 1991 the complex had 50 shops and specialty stores. A event venue, the Presidential Ballroom was built in 1994. That year in addition to the ballroom/banquet facility, the Church Street Station complex consisted of three restaurants, five showrooms, private parlor rooms, a wine cellar, a shopping complex, the train depot with convenience store, shops and corporate office space. The Church Street Station had 800 employees in 1994. With foreclosures and serial disappointments duplicating the successes of the past, the property has struggled. BGE revised the decline in value to $18.5M in October 1997 and wrote off an additional loss in value of $15.4M in 1998. Several attempts have been made by multiple owners to re-create the success of the 1970s and mid-1980s. One included a planned, in 2004, Paris Hilton branded nightclub. Church Street station was the fifth largest entertainment complex in Orlando in 1998, attracting 550,000 thousand visitors. That year revenue was $20.8M but it had an operating loss of about $1M. Enic PLC of London bought the property for $11.5 million in 1999 and reportedly lost $2M a year for two years before selling it for $15.9M in 2001. F.F. South & Co. A local real estate partnership F.F. South & Co, bought the Church Street Station in 2001 and promptly closed two of the oldest remaining attractions, Rosie O' Grady's Good Time Emporium and the haunted house, The Terror on Church Street. The property