BALTIMORE (WJZ) — There could be some major problems for Baltimore’s crown jewel- the Inner Harbor.
According to the Baltimore Business Journal, a city judge has placed the property in receivership- meaning there could soon be a new owner.
READ MORE: Maryland Weather: Severe Storm Threat Prompts Alert Day SaturdayThis comes as the Harbor has high vacancies and is in need of major repairs and renovation.
READ MORE: Baltimore Police Stepping Up Deployment On Fourth Of July Weekend, Commissioner SaysCurrent owners Ashkenazy Acquisition Group loses day to day operations while another firm takes over and will look for a new buyer.
MORE NEWS: State Police Expand Traffic Enforcement On I-83 In Baltimore CityDeveloped by the Rouse Company- the Inner Harbor was sold in 2013 for $98 million.