Sep 10 2007
National Aquarium Sells Land to Developer Patrick Turner
I found this news on the Baltimore Business Journal website interesting.
The National Aquarium in Baltimore is curbing its plans to build a new waterfront campus in South Baltimore and has sold 11 of the 19 acres it bought for the new center to local developer Patrick Turner for $1.5 million, a spokeswoman for the aquarium said.
What is interesting is that this land purchase was part of a 3-way deal/swap that included the sale of the Baltimore City Fire repair shop on Key Highway in South Baltimore. I believe the deal was to sell the repair shop to a developer, in order to generate money that would allow the city/aquarium to purchase land and develop the waterfront campus. But plans to sell the repair shop were overturned by Mayor Dixon in favor of building a public park. So by not selling the repair shop property, it forced them to have to sell another piece of property. Ironic.
2 Comments to “National Aquarium Sells Land to Developer Patrick Turner”
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It is ironic. Can’t argue with money in the bank for the aquarium and a 10 waterfront acres back (or staying) on the tax rolls, though.
True. If the aquarium didn’t need all the land, might as well make some $ off it. Anybody know what their doing with that waterfront campus - research on marine species surviving on overly polluted water?