With Target’s shelves empty and its doors shuttered at Mondawmin Mall, Mayor Catherine Pugh has another idea in mind to bring new life to the shopping center in the form of a cinema.
At her weekly press briefing Wednesday morning, Pugh said she recently pitched investment firm Goldman Sachs to invest in a movie theater at the mall in West Baltimore.
She fielded the idea last week, she said, when investors from the New York firm visited City Hall with developers to discuss their planned city-financed overhaul for Port Covington. Goldman Sachs’ Urban Investment Group poured $233 million into the 235-acre redevelopment plan in fall 2017, becoming an equity investor alongside Sagamore Development Company, the real estate arm of Kevin Plank’s Under Armour.
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