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Parks loan altered; terms of incentives changed after sale.(Parks Sausage Co.)
Though Parks Sausage Co. no longer owns the Park Heights plant where it had long pumped out pork products, the company could spend the next 25 years paying it off.
Before its marriage to Philadelphia-based Dietz & Watson earlier this month, Parks LLC asked to restructure its $700,000 debt to Baltimore City. The request was approved on Jan. 13 by the city's Board of Estimates.
"[Dietz & Watson] did not want to assume any of Park's obligations," said William Brown, the city's director of finance.
Though Dietz & Watson, a well-known maker of high-quality deli meats, now owns the Parks plant, land and equipment, Parks Sausage will continue to operate …
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Magazine article from: Baltimore Business Journal
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Magazine article from: Baltimore Business Journal
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Magazine article from: Baltimore Business Journal
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Magazine article from: Baltimore Business Journal
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Magazine article from: Baltimore Business Journal
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700+ words
