The fate of the old McNasby Oyster Co. building in Eastport may be decided this month.
Yesterday, the Annapolis City Council's Finance Committee decided to send to the full council a proposed lease for the former seafood processing plant at 723 Second St.
The lease with Portland Lobster Inc. of Annapolis would require the city to subsidize the site well into the next decade.
Alderman Carl O. Snowden, a Ward 5 Democrat, said it is time for the council to decide whether a piece of the city's maritime heritage is worth continued subsidies.
The question will come up at the council's next meeting Sept. 12.
The city bought the property in 1989 with the help of state, county and private loans to save the land from condodevelopment.
The building was leased to the Maryland Watermen's Cooperative. When the co-op disbanded earlier this year, the city was left holding a $750,000 loan and some $12,000 owed in back rent on the property.