Dec 9, 2011
St. Joseph Medical Center in Towson might have a buyer soon, and Locust Point finally got its Harris Teeter grocery store four years since they began planning it out. Those stories and more in this week’s business top 5.
1. 4 local suitors contend for St. Joseph Medical Center – by Melody Simmons
Four area medical institutions are contenders to merge with or purchase the beleaguered St. Joseph Medical Center in Towson and are combing through the hospital’s financial records in a due diligence phase, sources close to the hospital said.
Two finalists for the sale or merger will be selected by the hospital’s board of directors in the first week of January, said Dr. Paul McAfee, chief of spine surgery at St. Joseph.
2. Brody, Manning and Daniels highest-paid private college leaders – by Mark Miller
William R. Brody of the Johns Hopkins University in Baltimore was the second highest-paid president of a private college in the United States in 2009, according to a list published Monday by the Chronicle of Higher Education.
Brody was the most highly compensated private college president in Maryland in 2009. Kevin J. Manning, president of Stevenson University, and Ronald J. Daniels, who succeeded Brody partway through the year, were ranked second and third in the state, respectively.
3. East Baltimore group demands hires come from community – by Melody Simmons
Saying it has organized 900 residents, Baltimore Churches & Community United vowed Thursday to protest at East Baltimore Development Inc. if half of the workforce for upcoming construction projects does not live in the community.
During an angry two-hour meeting inside Triumph Christian Church at 2200 E. Oliver St., more than 300 city residents shouted approval of a plan to demand jobs on the $1.8 billion redevelopment of 88 acres of Middle East, a project to which $564 million has been committed so far, $212.6 million of it in public money.
4. Harris Teeter’s opening is a happy ending – by Melody Simmons
Four years ago, the McHenry Row development in Locust Point began a roller-coaster ride toward completion as the recession forced fits and starts on the project.
Wednesday morning, those woes were a distant memory.
Developer Mark Sapperstein beamed as he led tours of the new 61,000-square-foot Harris Teeter grocery store following a dedication at the front door with 30 people wielding scissors against a green ribbon.
5. State Center compromise fails – Melody Simmons
On the eve of her inauguration this week, Mayor Stephanie Rawlings-Blake called representatives of both sides of the contentious State Center lawsuit to her City Hall office for a private meeting.
The mayor’s spokesman, Ryan O’Doherty, said Rawlings-Blake sought to gather the key players in the bitter dispute and attempt to strike a compromise.