BALTIMORE—Developer Patrick Turner's bid to hold onto property on the Westport waterfront in South Baltimore was dealt a blow on Tuesday by a federal bankruptcy judge.
U.S. Bankruptcy Judge Robert A. Gordon ruling that denied Turner's plea for an extension to file a report concerning a reorganization plan could lead to an auction of the 43-acre property later this week, according to the Baltimore Business Journal.
Citigroup Global Markets Realty has scheduled an auction on the property at the city courthouse on Friday. During court proceedings, attorneys for Citigroup stated that they would not accept a deal by Turner's Inner Harbor West LLC to purchase the note on the property
Turner, who has spent nine years trying to develop the mixed-use Westport project, said of the ruing, “I don't think [the auction] is going to happen.” “They didn't extend the time frame, that's all. The case is still active.” See story in the Baltimore Business Journal.
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