News

Bids in for Pittsburgh's debt-ridden August Wilson Center

Written by The Associated Press | Apr 19, 2014 8:41 AM
augustwilsoncropped.jpg

(Pittsburgh) -- Four different buyers have submitted bids for Pittsburgh's debt-ridden August Wilson Center.

Court-appointed receiver Judith K. Fitzgerald says she's evaluating the bids for their ability to pay off debt and continue the mission of celebrating African-American arts.

The center honors the late Pulitzer Prize-winning playwright who grew up in Pittsburgh.

A judge recently approved selling off the building to settle a mortgage default and other debts totaling about $10 million.

Two of the bids fall into the dining and entertainment category, one is from a group of local foundations, and one is from a developer who wants to build additional commercial space on top of the existing building.

Fitzgerald says the proposal from the developer could be attractive because commercial operations would subsidize arts-related programing.

Published in News

Tagged under , , , , , , ,

back to top

Post a comment

Comments: 1

  • Chris Long img 2014-04-21 10:21

    Modern and efficient public infrastructure is key to building a strong economy, prosperous communities and a clean healthy environment. Nowadays loans are guarantee mechanisms which are currently in use for infrastructure investment. They are widely used in financing for the purchase, construction or development of housing, commercial premises or other property. North&Loans is a reliable service which offers a practical way to solve the financial problems.

Support for witf is provided by:

Become a witf sponsor today »

witf's Public Insight Network

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for witf is provided by:

Become a witf sponsor today »