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The Brandywine company that is trying to redevelop a historic concert venue has filed for bankruptcy protection, but its CEO says its efforts will continue.
The Arthur W. Wilmer Foundation filed Friday for Chapter 11 protection in U.S. Bankruptcy Court in Maryland.
Since September 2002, the for-profit company has worked to build a $200 million housing-retail-entertainment complex on the 80-acre site known as Wilmer's Park, which once hosted musical legends such as B.B. King, Gladys Knight and the Pips, James Brown and Stevie Wonder. Wilmer's daughter, Leslie, started the company after the Brandywine park's entertainment operation shut down in 2001. The park opened in 1951.
Park developer files for bankruptcy protection
Seeded on Fri Oct 16, 2009 2:44 PM EDT
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