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Dollar Bank buys August Wilson Center at sheriff's sale

PITTSBURGH — The bank holding the delinquent mortgage on the debt-ridden August Wilson Center for African American Culture is now in control of the property following a sheriff’s sale Monday.

Dollar Bank, which has a $7.96 million mortgage judgment on the center, paid a little more than $1,900 in taxes and costs associated with the sale.

A consortium of charities was unable to complete an $8.85 million acquisition of the center by a Friday deadline due to an appeal filed by a security firm owed money by the five-year-old center. There were no other bids during the foreclosure auction.

The center honoring the late Pulitzer Prize-winning playwright, who grew up in Pittsburgh, opened to great fanfare in a new 65,000-square-foot building in 2009. Proponents hoped that such a grand venue for theater, dance and music would further aid the transformation of the city.

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