TUPELO, Miss. (WCBI)-What was once a treasured tourist attraction in Tupelo and the nicest hotel in town is being torn down.The city awarded Century Construction a one hundred and fourteen thousand dollar contract Tuesday to demolish the former Trace Inn. The city purchased the property for one dollar at a foreclosure in March. The City Council members unanimously approved the bid and the contract. Funds for the work will come from a six hundred thousand dollar capital projects budget reserved for neighborhood improvements. Officials say the area would be ideal for private developers or green space.