When three local residents bought up the commercial district along the harbor in Fire Island Pines almost five years ago, they planned to transform the renowned yet rundown gay mecca for a new age of gay acceptance and success.
But rather than building new facilities, the owners found themselves rebuilding old ones following a devastating fire. Their capital drained, they have been trying to sell the property, which constitutes 80 percent of the commercial space in the 650-home community, since the fall for $25 million.
