Baltimore Property Slated For $1B Project Pushed Into Ch. 7

Law360, New York (February 20, 2013, 9:00 PM EST) -- The owner of a Baltimore waterfront property envisioned as part of a $1.2 billion development project agreed Tuesday to accept the bankruptcy thrust upon it by a pair of creditors, but requested that the resulting case be converted to Chapter 11.

Inner Harbor West LLC, which controls a 43-acre site earmarked for the troubled Westport Waterfront project, consented to the relief sought in the involuntary Chapter 7 petition, but moved to have the case switched over to Chapter 11, according to documents filed in Maryland bankruptcy...
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