News

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

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

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