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Ed Hale, chairman of 1st Mariner Bancorp, owner of the Baltimore Blast, and builder of the 1st Mariner Tower as head of Canton Crossing, LLC, is getting sued left and right over construction of the tower, according to this article in the Baltimore Business Journal.
Hale's waterfront monument to his success -- which also features his own personal penthouse -- is now under a mechanics lien by Kane Construction, who provided over $800,000 in tenant improvements and was never paid (but for a paltry $49k). That essentially means that Kane Construction owns a piece of the tower, and can force Canton Crossing in foreclosure proceedings and a forfeiture sale.
According to the article, Gillis Green (Eddie's attorney) didn't even mount an effective defense of old Ed, instead just asking for another stay. Baltimore Circuit Court Judge Carol Smith said "Umm, no", upholding an earlier decision to not grant a stay.
But more trouble is on the horizon. Ed is still being sued personally by Maryland Financial Bank for defaulting on a $3.7 million loan. And R&B Grove Casework is ALSO suing Canton Crossing, LLC for work performed on the tower. They are also seeking a mechanics lien.
So, any bets on how long it is before Eddie Hale is looking for new digs to call home?