Four months after Baltimore Clayworks leaders announced plans to sell one or both of their buildings, the organization says it has found a buyer.
Leaders of the 37-year-old Mount Washington-based nonprofit arts group today announced they’ve executed a contract to sell both buildings, located at 5706 and 5707 Smith Avenue, to an unidentified “local nonprofit.”
The sale is meant to stabilize the storied ceramics arts group’s finances and move it “into a wider vision for a sustainable future,” according to the announcement. Board president Kathy Holt wrote in February that the organization had accrued $900,000 in debt over the last 13 years while financing roof, plumbing, electrical and other types of repairs for the 5707 Smith Avenue building, which the Saint Paul Companies donated to Clayworks in 1999.
That debt total was too much to pay off with the group’s curre
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