The sun has risen in the west. Hell has frozen over. Pigs are flying.
And the non-profit Midway Artist Collective appears to have actually purchased 15 Channel Center in Southie’s Fort Point neighborhood for $20 million, preserving 89 units of affordable housing for artists in the process.
Two things appear to have made the once Mission Impossible possible: 1.) The previous owner itself was an apparently patient and sympathetic charitable foundation and 2.) the purchase of Midway studios was mostly funded through a $14.9 million HUD-insured mortgage.
A big congratulations to the Midway Artist Collective.
And this post will not self-destruct in five seconds. Over.
Photo via Midway Artist Collective.
OK, we can’t resist. Click below to hear the Mission Impossible ditty. … Dum dum da da dum dum da da …
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Updated: December 2017