The Maryland Daily Record is reporting that Geppi’s
When contacted by ICv2, Geppi characterized the situation as “just an ongoing negotiation with the MSA (Maryland Stadium Authority).” The stadium authority has indeed reduced rents for its other tenants. In October of 2007 the MSA dropped a claim of $1.5 million owed by the Orioles, and in June of this year the MSA lowered the rent of the nonprofit Sports Legends Museum that occupies the floors below Geppi’s Entertainment Museum from $32,200 a month to $10,300, while forgiving the Sports Legend Museum a debt of $444,274 in back rent.
According to the Daily Record both museums have suffered lower than projected attendance because of a decline in attendance at Orioles games and the construction of a nearby Hilton Convention Center Hotel. With the hotel finally open and the construction complete, attendance at both museums in Camden Station should improve. The MSA did not comment on any possible adjustment on the $28,899 monthly rent currently being charged to Geppi's Entertainment Museum.