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Stadium authority gets $73K for $615K debt

The Maryland Stadium Authority voted Thursday to accept a small settlement from CSD Architects after the firm went out of business owing $615,000 on its lease at the B&O Warehouse.

CSD Architects had leased 19,000 square feet of space at the warehouse at Oriole Park at Camden Yards and had more than two years left on its lease when it closed in 2009.

While CSD was able to sublet 92 percent of its space, the 8 percent it couldn’t sublet racked up $615,000 for unpaid rent, according to David A. Raith, chief financial officer of the stadium authority. Its executive board discussed the benefit of seeking the $615,000 in full after members of the board said the firm’s attorneys had offered $73,389 as a settlement. But after deliberation, board members voted to settle for the smaller amount because there was no guarantee the stadium authority would ever receive a $615,000 judgment if decided in court, said Cynthia Hahn, assistant attorney general.

The firm occupied space on floors 6 through 8. The warehouse building was renovated in 1991 by the Maryland Stadium Authority, and has a total of 350,000 square feet on its eight floors. The building was originally built by the Baltimore & Ohio Railroad before the turn of 20th century and was used to hold merchandise before its renovation. The warehouse is now full of team offices, team spaces and a private club for the Baltimore Orioles.

One of the city’s oldest architecture firms, CSD — Cochran, Stephenson & Donkervoet Inc. — closed after 62 years in business. The firm blamed the economic crisis and the lack of funding for senior housing developments, which it specialized in, for its decision. It had also closed its Washington, D.C., and Miami offices and shed a large number of workers in response to a slowdown in projects.

Among CSD’s projects were the designs of a 17-acre senior living center in Roland Park for Keswick Multi-Care Center, Oak Crest Care Center in Baltimore and buildings for Johns Hopkins Hospital, Morgan State University and Anne Arundel Community College.

Two former partners of CSD Architects did not return phone calls seeking comment.