According to a July 2 broadcast on National Public Radio, the famed Watergate Hotel in Washington, DC is likely to face foreclosure because the owners have defaulted on a $69.9 million loan on the property. Watergate is well-known to many Americans because of the events of June, 17, 1972, when DC police arrested five men trying to break in and wiretap the offices of the Democratic Party located in the building. Along with two others, they were tried and convicted in January 1973.
All seven were connected with President Richard M. Nixon's reelection committee, suggesting that what appeared to be a simple burglary/wiretap might involve high-level government officials. (more)
FutureWatch - Watergate is purchased (bailed out) by the National Park Service. Tours daily. Most popular stop... The Frank Wills Memorial Door, with tape over the lock.
