Condemned Redevelopment

Baltimore, MD: (Mar-02-08) Warner Street Inc., one of the largest remaining property owners at the Gateway South redevelopment project in southwest Baltimore, brought a lawsuit against the city in April 2007, seeking to challenge the city's right to condemn six of its properties south of M&T Bank Stadium in the city's Carroll Camden neighborhood. The suit, filed in federal court, coincided with the city's filing of condemnation paperwork with the Circuit Court for Baltimore City. Warner Street head Lawrence Hillman said the lawsuit was less about money than about the city's right to condemn his properties for the mixed-use redevelopment.

Records show that following the filing of the lawsuits, both sides agreed to work with an outside mediator. In a recent development in the case, sources on both sides confirmed that the parties had reached a settlement agreement, in which the city agreed to pay Warner Street $7.8 million for its properties. The city's reaching a deal with one of the largest remaining property owners at the Gateway South redevelopment project in southwest Baltimore clears a legal obstacle to the city's efforts to acquire and sell off 11 acres of land to a team including Baltimore Ravens linebacker Ray Lewis. [BALTIMORE BUSINESS JOURNAL: CONDEMNED REDEVELPMENT]

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Published on Mar-3-08