Senator Theatre auction cancelled
BALTIMORE, MD — New developments in the future of the Senator Theatre.
But the city’s plans to purchase that debt, unveiled April 12, kept it from auction. Mayor Sheila Dixon is slated to take the city’s recommendation to the Board of Estimates for approval within the next month.
“The auction was cancelled because the City has agreed to buy the note from First Mariner Bank,” said Baltimore City Deputy Mayor Andrew Frank in an e-mail response Tuesday. Frank said after the city purchases the debt, it will foreclose on the theater and schedule a new auction.
Read more at the Baltimore Business Journal.