Neighbors put up savings to snag key Patterson Park building
Have you ever seen a problem in your neighborhood and said, "Someone ought to do something"?
In Patterson Park, residents organized to do it themselves.
Here's the story about how four individuals and two couples pooled their money to buy a key commercial building in the Baltimore neighborhood, sitting vacant now but once a community gathering spot. They're on the hook for about $400,000, including closing costs and some other incidentals.
It's the former headquarters of the Patterson Park Community Development Corp., which reversed blight by rehabbing hundreds of homes but couldn't survive the housing bust. The restaurant Three..., which rented the ground floor, is also gone.
The CDC's demise isn't good neighborhood news. It puts many more homes on the market at an already tough time for sellers. It requires a change of ownership for the CDC's rental properties, which makes residents anxious. It removes a paid staff whose mission was neighborhood improvement.
But residents decided they weren't going to simply let events unfold as they may. Neighbors' decision to buy the CDC headquarters -- to keep the ownership hyper-local and have control over the building's use -- is the latest example. (Getting a contract on the building took several tries. Here's a piece about their first attempt.)
This isn't the only time that Baltimore residents have put up significant money in the name of neighborhood improvement or preservation. So tell me, good folks: What have you seen in your neighborhood (or other neighborhoods) that impresses you?
Categories: Neighborhood and neighbors, Neighborhood improvement



Comments
I am just curious if anyone knows what the new owner's plans are for the building?
Posted by: Pete from Highlandtown | May 27, 2010 9:31 AM
Pete, they've lined up prospective tenants -- a restaurateur and two employers who want the offices up top.
Posted by: Jamie Smith Hopkins | May 27, 2010 9:52 AM
I wanted to start a similar project in my neighborhood here in York, PA but a fall-out with the President of the neighborhood association over his decision to write a letter of support to have a school built behind our homes without contacting even one directly affected property owner and his continual claim to he was President and had the power to do without question drove me from the group quickly. I'll do my speaking to City Council directly from now on and hope for his resignation although I think he likes the power it may be slow in coming even though he professes to only "accept the position under his terms".
Posted by: Absurdity | June 3, 2010 4:19 PM