When the reopened Chesapeake Restaurant shuttered after a highly anticipated opening quickly gave way to lukewarm reviews, it was a bummer for the restaurateurs as well as residents who were pulling for its success. But the city of Baltimore — read: residents, again — also had quite a monetary stake in the eatery.
The current developers received $1.5 million from the city to acquire the building as part of a revenue-sharing deal, and the Reinvestment Fund loaned “invested more than $2.5 million in the renovation.”
Of course, all is not yet lost. The Karzai family (of The Helmand and Tapas Teatro) will be in charge of opening a new restaurant at the location. But right now we find ourselves in that awkward transitional moment when the bird in the hand has just flown off and we’ve yet to capture the two in the bush. Know what I mean?
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