Baltimore's government on Wednesday sold land for $1 to a developer promising to restore the long-vacant Parkway Theatre on North Avenue.
The city's Board of Estimates, which is controlled by Mayor Stephanie Rawlings-Blake, approved the sale of three properties to The Producer's Club of Maryland, which plans a three-screen theater and live music venue at the site as part of a $16.8 million renovation. Only City Council President Bernard C. "Jack" Young voted against the deal, arguing the city could have gotten a higher price for the land.
After purchasing the properties — 1 W. North Ave., 3 W. North Ave. and 1820 N. Charles St. — the developer plans to transform the theater's auditorium into one 419-seat theater and two smaller venues, which would seat 86 and 99 customers, respectively.
The theater would become the year-round offices of the Maryland Film Festival and host a restaurant that seats more than 100, officials said. The theater also plans to assist Johns Hopkins University and the Maryland Institute College of Art's film programs.