Baltimore city’s “Strategy Group” decides non-profit will not work

posted by Maximillian Genus on April 7, 2009 at 9:54 am

BALTIMORE, MD — The group, formerly known as the ‘steering committee’, formed at the request of the mayor have finally made their recommendations.

The Senator could not survive as a non-profit organization without an annual government subsidy. The alternatives:

Option 1: Baltimore City purchase the theatre by foreclosing on their loan, paying off 1st Mariner and then finding a management organization to run the theatre (either via sale or long-term lease, thereby recouping some of their outlay), still as a 1st run movie house.
Option 2: Allow 1st Mariner’s foreclosure to proceed and plan to “work closely” with whomever wins the bid. However, even they admit that they’d have limited say with this option.

Theaters in this post

Life's Too Short on April 7, 2009 at 4:21 pm

This sucks.

Maximillian Genus on April 12, 2009 at 11:44 am

Strategy Group recommendations were dated March 31. No response from city hall since then.
The auction countdown continues… Now only 8 Days left.

Public C.H.A.P. hearing is this Tuesday.