Here is the latest news on the effort to save Charm City’s historic art deco movie house from Friends of the Senator Theatre:
Balto. Sun reports 1st Mariner Bank has canceled the theatre’s auction. However, my sources say keeping it off the auction block is contingent [on] the city’s plan to buy the theatre [going] through…
While others seem to be celebrating (and others berating “another bailout”, even when it isn’t) Mayor Sheila Dixon’s announcement that Baltimore City would move ahead with their [sic] Strategy Group’s recommendation to buy The Senator Theatre, I’ve been… Cautiously optimistic.
Well, I am heartened that the deal includes:
- Release of Tom Kiefaber’s home … (the very least they could do for the man who’s fought for 20 years for The Senator’s survival and the good of its community)
- The possibility the community may have a say regarding to whom the city will sell/lease the theatre.
- These are not present in the 1st Mariner auction scenario.
- For starters, let’s face it, an announcement is just & only that.
- Until the ink dries on documentation, nothing is definite.
- The announcement states that approval will be required by the Board of Estimates.
- “The city’s loan purchase is subject to approval by the Board of
- Estimates.” – MD Daily Record
- The city and 1st Mariner debt are addressed, but there’s still a matter of debt owed to the state.
- “The theater also owes more than $600,000 in loans and fees to the state, which theater officials said they are still working to resolve.” – MD Daily Record