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The Baltimore Sun

Another sweetheart deal for Ron Lipscomb

It's nice to know Sheila Dixon and the city of Baltimore weren't alone in showering favors on developer Ron Lipscomb.

In a foreclosure sale just completed in May, Lipscomb lost a 4,000-square-foot Canton warehouse he'd hoped to redevelop.

Real estate records for the property, at 2114 Cambridge St., indicate that Lipscomb's Doracon Contracting bought it in September 2005 for $640,000. 

Three months later, Doracon sold the warehouse in what's described as an arms-length sale to Lipscomb for a low, low $144,633.

Must be nice to be the boss. And unlike Lipscomb's City Hall sweetheart, Doracon presumably didn't demand furs or Jimmy Choos in return.

Copyright © 2015, The Baltimore Sun
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