4 bids made for debt-ridden August Wilson Center

PITTSBURGH (AP) – Four different buyers have submitted bids for Pittsburgh’s debt-ridden August Wilson Center.
Court-appointed receiver Judith K. Fitzgerald says in a Thursday statement that 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.


From the Web