Baltimore Bad News

I hear that the Baltimore Harbor Place and Galleria went on the sale block last Friday. Allegedly it has 94% losses and a multi-million dollar note coming due in February.

Apparently, Cross Keys is also on the block. The bad news is that if the Harbor tanks, then Baltimore Aquarium may also close because it is a tenant.

In a town where already it is very difficult to sell art, I think that these developments may take old Baltimore into a serious urban decline since it is basically too reliant upon tourism.

Time to batten down hatches.