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Worried about future, Cross Street Market merchants ask for compensation

Home » Real Estate » Worried about future, Cross Street Market merchants ask for compensation

Worried about future, Cross Street Market merchants ask for compensation

As the city prepares to turn Cross Street Market over to a private company to redevelop and operate the facility, merchants who will be displaced by the project are seeking compensation.

Towson-based Caves Valley Partners is slated to take over the market in January and begin $6.5 million redevelopment this spring. The construction could last about 10 months, developer Arsh Mirmiran said in November, when the deal was announced after months of negotiation.

The redevelopment will mean disruption and lost business for the market’s existing merchants, even for those who eventually return, said attorney John C. Murphy, who is representing the Cross Street Market Merchants Association.

“If it’s a public good to have a better market, that’s fine,” he said. “The people involved shouldn’t suffer.”