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NEWS
By Candus Thomson, The Baltimore Sun | February 9, 2012
The second of two losing bidders for the multimillion-dollar contract to replace and run Maryland's two Interstate 95 travel plazas has filed a protest with the Maryland Transportation Authority over the way it handled the bidding process. Airport Plazas LLC and Tishman Construction, joint bidders for the project, claim the authority allowed Areas USA, the winning bidder, to ignore some of the requirements contained in the request for proposals. They also claim the authority then allowed Areas USA to sweeten its offer without extending that opportunity to the competition.
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NEWS
By Larry Perl, lperl@tribune.com | September 8, 2014
A run-down uninhabited house at 506 Locksley Road that has been the subject of complaints for the last two years from West Towson neighbors has been sold, County Councilman Marks said. "We're happy to get this resolved," said Marks, who represents Towson. "It's been an eyesore. The county worked very, very hard on this. " Marks said the winning bidder was a builder with plans to raze the structure. The auction company, A.J. Billig & Co., confirmed the sale but would not identify the buyer.
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NEWS
By Julie Scharper, The Baltimore Sun | May 24, 2011
Potential bidders for the license to run the slots casino proposed for Baltimore say the deal the state and city are offering would make it nearly impossible to make a profit. When state officials unveiled the terms late last month, they touted incentives that they said would draw more applicants to build and operate the casino — and prevent a repeat of the debacle that occurred the last time they sought an operator. But as the deadline for applications draws closer, some say the incentives are outweighed by the costs — including the rent they would have to pay the city for the site.
NEWS
By Robin Jacobs | July 9, 2014
Baltimore City auctioned off more than $20 million worth of tax, water and other liens this spring in an online auction. These liens are tied to almost 7,000 properties, assessed at a total of more than $720 million. But while the tax sale system provides local government with badly-needed funds up front, it short-changes our communities. The complexities of the tax sale system mean that only those with sophistication and wealth can bid (this year's top four bidders in Baltimore City bought nearly 60 percent of the certificates)
BUSINESS
By Eric N. Berg and Eric N. Berg,New York Times News Service | May 22, 1991
CHICAGO -- Sears, Roebuck & Co. released a trove of documents yesterday, part of a shareholder lawsuit against Sears that had been sealed.While incomplete, the documents support the shareholders' view that one reason for Sears' large-scale restructuring announced in October 1988 was to thwart hostile bidders.Directors of a public company can legitimately defend it against a hostile bidder, but the defense becomes illegal if the company cannot offer shareholders a better alternative than the bidder and if the directors' primary purpose is to entrench themselves.
BUSINESS
By Peter Passell and Peter Passell,N.Y. Times News Service qpB | January 12, 1992
Searching for that ultimate bargain in the depressed market for condos? Chances are you may have been tempted by the auction extravaganzas, in which dozens of apartments in half-empty developments are offered to the highest bidders.But the temptation, suggest Professors Orley Ashenfelter of Princeton and David Genesove of the Massachusetts Institute of Technology, is probably worth resisting. For the only real winners seem to be buyers who wait until the auction is completed, and then scavenge the remains.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | April 23, 1993
Westinghouse Electric Corp. is negotiating with three potential buyers of the Omni Inner Harbor Hotel.The talks followed a sealed bid auction last week that turned up at least three bids that topped the $16 million minimum bid the company had attached to the 702-room hotel."
NEWS
By William Thompson and William Thompson,Eastern Shore Bureau of The Sun | September 25, 1994
EARLEVILLE -- Homeless cats and dogs were the only real winners yesterday when a scheduled auction of one of the state's most expensive luxury homes was canceled abruptly.Although about 60 curious spectators gathered at the 707-acre McGill Creek Farm of wealthy developer William J. Crocker to see who might buy the Eastern Shore estate, auctioneers announced that the property was being withdrawn because only three people had registered to bid.During informal chats with the would-be bidders, auctioneers concluded that none apparently was willing to meet Mr. Crocker's undisclosed minimum price for the waterfront property, which recently was listed on the real estate market for more than $15 million.
SPORTS
By Jon Morgan and Jon Morgan,Sun Staff Writer | January 12, 1995
Trustees selling the Tampa Bay Buccaneers are holding extensive, one-on-one sessions with some of the bidders, but they don't think any one of them is a front-runner at this stage."
NEWS
May 15, 1997
BIG INVESTMENT FIRMS are making a mockery of the state's property tax sales, which until recently were orderly auctions that helped Maryland jurisdictions clear up delinquent real estate bills.Investors violate the spirit, if not the letter, of the bidding process by offering absurd sums of money -- a trillion dollars and even "infinity" for tax-delinquent properties. Successful bidders win the right to pay the taxes and then to seek reimbursement from the property owners plus legal fees and interest rates ranging from 12 to 24 percent.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 9, 2014
A Japanese firm that has a long history with Baltimore-based Hedwin Corp. was named the winning bidder for the manufacturer in a bankruptcy auction Friday, a development that Hedwin officials said would save the company's 300 jobs. Fujimori Kogyo Co. offered $22.2 million after just over two hours of bidding, up from its initial bid of $16.5 million. A team from rival bidder Inteplast Group, a New Jersey maker of plastic products, huddled in another room for five minutes and returned to bow out. "Inteplast has decided not to bid further in this auction," said Arthur E. Rosenberg, an attorney for the company.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 6, 2014
Hedwin Corp. will be auctioned off Friday as two bidders vie for the Baltimore maker of plastic containers. The company - which sought Chapter 11 bankruptcy protection last month - received a qualified bid from New Jersey-based Inteplast Group, according to attorney Alan Grochal, who represents Hedwin. Inteplast, which makes plastic products, declined to comment. The initial bidder is Fujimori Kogyo Co., a Japanese company that offered $16.5 million for Hedwin and indicated that it intends to retain all 300 employees.
BUSINESS
By Natalie Sherman, The Baltimore Sun | April 24, 2014
The Baltimore Development Corp. received a single bid from developers for a group of West side properties made available in February, CEO Brenda McKenzie said at a monthly board meeting Thursday. The site is made up of three vacant buildings and two lots in the 400 block of Howard Street. The lone submission by the April 21 deadline came from an entity called the Howard Street Incubator, LLC, BDC spokeswoman Joann Logan said. She declined to provide additional detail until BDC staff perform further review.  McKenzie said Thursday the BDC received 11 bids for the opportunity to help craft design ideas for a larger chunk of properties bounded by W. Franklin, N. Howard.
BUSINESS
By Kevin Rector, The Baltimore Sun | February 4, 2014
Two companies that unsuccessfully bid to win a casino license in Prince George's County have agreed not to challenge the decision, the Maryland Lottery and Gaming Control Agency said Tuesday. In exchange, the state will give back millions of dollars in fees and bonds. Both Prince George's Racing Ventures LLC, a subsidiary of Penn National Gaming, and Maryland Racing LLC, a subsidiary of Greenwood Racing, recently signed a "Release and Covenant Not to Sue," state officials said.
NEWS
By Luke Broadwater, The Baltimore Sun | January 14, 2014
City officials are poised to pay a New York-based firm $286,000 to redesign and host Baltimore government's website. The Board of Estimates is slated to vote Wednesday on a proposal to hire Interpersonal Frequency LLC to overhaul the city's site. The city's former chief technology officer began a redesign and overhaul of Baltimore's government website in 2012, but left the task unfinished, city officials have said. Interpersonal Frequency, which was among eight bidders for the job, worked with Baltimore's current Chief Technology Officer Chris Tonjes at his previous job at Washington D.C.'s library system.
BUSINESS
By Kevin Rector, The Baltimore Sun | December 16, 2013
Less than a week before state officials are expected to award a casino license in Prince George's County, one of the three bidders is calling the state's research "flat-out wrong. " Greenwood Racing, which wants to build a Parx casino on Route 210 in Fort Washington, has asked the state's special site selection committee to delay a decision currently scheduled for Friday. The company wants more time to challenge findings that a rival bid would be more lucrative for the state. Two weeks ago, consultants to the state concluded that a proposal from MGM Resorts International to build a casino at National Harbor would bring in more revenue than Greenwood's proposal or that of Penn National Gaming, which wants to build a Hollywood casino at nearby Rosecroft Raceway.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | April 3, 1997
The Federal Communications Commission has announced that it will temporarily stop collecting payments on more than $10 billion worth of wireless communications licenses sold at auction last year, raising doubts about the government's most favored new method for pouring money into the Treasury.The decision by the FCC, which has championed the concept of selling the public airwaves to the highest bidder, comes in the same week that one of last year's largest bidders filed for bankruptcy and others are reportedly in danger of default.
ENTERTAINMENT
By Doug Bedell and Doug Bedell,KNIGHT RIDDER/TRIBUNE | January 8, 2001
Jay Brousseau can still feel the indignation - the horror - of his first encounter with an online auction sniper. "In the last 17 seconds, this guy came out of nowhere and took the auction," says Brousseau. "I had the bid with eight minutes to go. Then he just jumped in and grabbed it away." Losing that $22 Kensington track ball was a bitter lesson, the Dallas photographer says. "It made me realize that that's the way the game is played, but it makes the whole thing a pain in the butt.
NEWS
By Kevin Rector, The Baltimore Sun | December 1, 2013
The three players bidding to build a new casino in Prince George's County have shown their hands, and the state will pick a winner by the end of December. The stakes are high as the state prepares to hold a series of meetings beginning this week and culminating Dec. 20 to choose who gets to operate the state's closest casino to Washington. All three pitched casino resorts costing hundreds of millions of dollars to be built near where Interstate 95 crosses into Maryland. The decision will be made by a special casino site-selection body, known as the Video Lottery Facility Location Commission, based on what it deems best for the state.
NEWS
By Luke Broadwater, The Baltimore Sun | November 6, 2013
Baltimore officials awarded an $83.5 million contract Wednesday to overhaul the city's huge water-meter system - and warned residents that they could be liable for damage the work might cause on their properties unless they purchase insurance. The city selected Itron Inc. of Washington state to install meters for a new wireless meter system that will serve 400,000 customers in Baltimore and Baltimore County, rejecting a competing bid from local firm Dynis LLC that was $101 million more.
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