Kinsley Construction now owns a four-story building in York that members of the multi-platinum-selling rock band Live turned into a high-end recording studio and headquarters for multiple business ventures.
120 York LLC on Monday transferred the deed to 210 York St., which is a 53,000 square feet and used to house Bi-Comp, a printing company. The building is across from PeoplesBank Park, home of the York Revolution, and features a sign that reads, “Think Loud” in black letters.
Background: Company that owns Think Loud building in York, tied to rock band Live, to exit bankruptcy
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Chief Judge Henry W. Van Eck of U.S. Bankruptcy Court for the Middle District of Pennsylvania last week signed an order granting 120 York’s motion to dismiss its bankruptcy case. In 2020, Kinsley obtained a more than $13.94 million judgment against the entity after it defaulted on a note in connection to a construction loan.
In a statement, Kinsley said, “Our expectation remains that this matter will be settled by the end of October. At that time, we will provide additional information on next steps for the building.”
Check out: Think Loud’s big white York Street building serves as symbol of change in York
Bill Hynes, who wrote that he was president and CEO of 120 York, signed a deed in lieu of foreclosure on April 5.
The other members of 120 York are as follows: Chad Taylor, Chad Gracey and Patrick Dahlheimer, the lead guitarist, drummer and bassist of Live, respectively.
Peek inside: Think Loud Studios in York lets musicians record, chill out and even spend the night
Gov. Tom Corbett’s administration awarded a total of $7 million from the Redevelopment Assistance Capital Program to the 210 York St. project, which included renovating the space.
The state has reimbursed $3.38 million, according to the Office of the Budget.
The York County commissioners approved a 10-year tax break for the property in 2015. York City Council closed off York Street to the public, in essence, turning the building into a compound.
At the time, York Mayor Kim Bracey declared during a news conference, “Somehow, I get the sense that this is no one-hit wonder of development.”
(This story continues after the photo gallery):
To help recording artists cut the costs of hotels and keep them focused on the job at hand, Think Loud Studios offers five hotel-style suites in the fourth-floor recording studio.
From the rooftop deck high above PeoplesBank Stadium. Think Loud Studios offers a sweeping view of downtown York.
Live from ‘S— Towne’: Rock stars returned to build better York, but promises unfulfilled
United Fiber & Data, a telecommunications startup in York that built a 340-mile fiber-optic line connecting New York City to Ashburn, Virginia, in the suburbs of Washington, D.C., is headquartered at the building — though that point has been contested in litigation.
The business had boasted that it would create more than 300 jobs and generate over $2 billion in state tax revenue in 30 years in Pennsylvania.
Contact Dylan Segelbaum at 717-771-2102.
This article originally appeared on York Daily Record: Kinsley now owns Think loud building in York, tied to members of rock band Live, deed showsInternet Explorer Channel Network