Dollar Bank, holder of the center’s $7.9 million delinquent mortgage, purchased the property on Liberty Avenue, Downtown, for $1,912.50 — the taxes and costs associated with the sale — at the public auction. There were no other bidders.
Wednesday, November 05, 2014
Dollar Bank buys August Wilson Center for $1,912.50
Dollar Bank, holder of the center’s $7.9 million delinquent mortgage, purchased the property on Liberty Avenue, Downtown, for $1,912.50 — the taxes and costs associated with the sale — at the public auction. There were no other bidders.
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This article makes me think of a couple different things. Being from Pittsburgh, the August Wilson center has been in the news on and off for the past couple of years. Now that there is finally some sort of closure to the issue, it makes me wonder why all of the obstacles that came up along the way were not dealt with more quickly. This then leads me to wonder that if the foundations that have now stepped up to take control did want to earlier, what has changed that they are now willing to do so and not deal with any of the other past problems? Will problems continue if though the organization has changed?
I am still unsure of some of the specific business happenings and deals, or exactly what position the August Wilson center is in now. As I understand it, they are now owned debt free by dollar bank, but at looking to be sold to a consortium of local Pittsburgh foundations that will continue to operate the center as a non-profit for community cultural purposes.
I hope that the Foundation deal goes through, I like the work that the center does.
First of all I worked the last real event at the august wilson center that turned out to be the tipping point in their down hill fall. For which I just got paid the rest of the money that I was owed and I worked that even almost a year ago. The strike that I worked was an interesting event, I forget the title of the act but there was approximately 20-30 people there to strike the event and it was a late call, starting at 11:00PM and finished at 7:00AM I am fine with the over night calls however this strike was incredibly unorganized. It seemed like with the mass numbers they required for the call that things could have gone down incredibly quickly however the august wilson center ended up using crew that was brought in to strike the act to prep their space for their own events. Essentially the call was for one show and then they began a call for the next event. No matter what the entire strike later would be completely screwed and none of us were paid for months to come.
I really wonder why this center was under so much hardship, and big as a name as August Wilson had and with the large population of African-Americans and other Interested parties in Pittsburgh I'd have thought that the building would have been well cared for. I am also a bit nervous of it being sold to this bank, banks a business, usually without qualms against selling and demolishing for profit. I would be very sad to see such a prominent place for underrepresented populations disappear.
The August Wilson Center was one of the first places that I visited when I came to Pittsburgh. WhenI was there I didn't realize that it was under so many problems-probably because I wasn't there for long. However, I do believe that now hearing of the issue at hand, they can be taken take of more easily. I was genuinely surprised at what a low price the August Wilson center was sold at. I have a high respect for his work and will continue to follow up on this in the future.
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