City Wipes Away $500,000 from Loan to Troubled ShopRite Store on Liberty Heights

8/27/20

By Mark Reutter, BaltimoreBrew

Hailed by city officials as a capstone achievement to end a “food desert” in an underserved Baltimore neighborhood, the ShopRite supermarket on Liberty Heights Avenue is in financial trouble.

Today the Board of Estimates excused $500,000 from a $2 million promissory note issued to the Howard Park store, which has suffered from lower-than-expected revenues, according to two sources.

The action means that the principal owners, Klein’s ShopRite of Maryland, will only have to pay $600,000 on the loan’s first installment due next month.

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