McNally Smith building nears sale

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MinnPost staff Musical college for sale. Slightly used. The Pioneer Press’ Josh Verges reports: “A bankruptcy trustee is ready to sell the old McNally Smith College of Music building next month to ensure there will be some money left for hundreds of employees and students. … Just last month, trustee Patti Sullivan was optimistic she’d find a buyer by the end of the year who would beat an offer from Exchange Street Partners, the group of investors who bought the bank mortgage. … That’s no longer the case. … If Sullivan can’t get a better offer by June 18, she intends to sell the downtown St. Paul building, along with restaurant and auditorium equipment, to the investors for about $5 million. The sale would pay off the mortgage, a...

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McNally Smith building nears sale

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