Tony Kiritsis did not receive money as a result of the hostage incident. In 1973 he took out a loan from Meridian Mortgage Co. and used the money to buy property where he hoped to build a shopping center. However, after failing to attract retailers, Kiritsis was unable to keep up with the payments and faced foreclosure. He believed that Meridian was directing potential businesses to other sites. In February 1977 he took Meridian executive Richard (Dick) Hall hostage for some 63 hours. Kiritsis’s demands included an apology from Meridian and $5 million. Though Meridian did apologize, Kiritsis never received the money, and his property was ultimately foreclosed.
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