[CPEO-BIF] Westport project foreclosure, Baltimore, Maryland

[Lenny Siegel <lsiegel@cpeo.org>]

Foreclosure filed against Turner's Westport property Citigroup  
alleges developer owes $31.8 million

By Steve Kilar
Baltimore Sun (MD)
November 26, 2012

Citigroup Global Markets Realty Corp. has filed a foreclosure case  
against the development group that was planning to revitalize the  
waterfront in Baltimore's Westport community.
Companies affiliated with developer Patrick Turner borrowed $30  
million from Citigroup in 2007 to finance a massive mixed-use  
development along the Middle Branch of the Patapsco River's western  
shore, just south of Interstate 95.

...

For the entire article, see
http://www.baltimoresun.com/business/bs-bz-westport- 
foreclosure-20121126,0,6159377.story

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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