A Mt. Vernon landmark restaurant that closed down could be open again by spring and three annual coin shows threatened to leave Baltimore if Gov. Martin O’Malley’s budget eliminates their tax breaks. Those stories and more in this week’s business top 5.
1. Brass Elephant could reopen by spring – by Melody Simmons
Baltimore’s historic Brass Elephant restaurant could reopen as early as spring with new owners, a real estate agent said Wednesday.
Workers were busy Wednesday inside the Mt. Vernon landmark checking the restaurant’s kitchen and operating systems, and the sale could close within 30 days, said Martin Kibbe, a ReMax Studio Realtor who listed the upscale eatery.
2. Coin show threatens to leave Baltimore over O’Malley budget – by Nicholas Sohr
An Atlanta company threatened to uproot three annual coin shows from Baltimore and move them out of state Thursday after Gov. Martin O’Malley’s proposal to cut a tax break for precious coins and bullion sales.
David Crenshaw, general manager of Whitman Coins and Collectibles Expo LLC, said the proposed measure would “result in significant loss of economic benefit to Maryland and Baltimore since our three shows would most likely move to a friendlier state with no sales tax.”
3. Ramping up at Crossroads@95 – by Melody Simmons
More than five years ago, Baltimore County officials held a festive celebration to mark the opening of a $75.6 million, four-mile extension of Route 43 that connected White Marsh to Middle River. But not long after a parade and the ceremonial ribbon cutting, construction of the $1 billion mixed-use Baltimore Crossroads@95 slowed down.
Construction workers and leasing and sales agents are once again busy at this 1,000-acre emerging community on the county’s east side. And some observers are saying the movement is a result of the completion of the first wave of BRAC just up the road at the Aberdeen Proving Ground.
4. Restaurant Week prices are down – by Maria Zilberman
Baltimore’s Restaurant Week just got more affordable as prices for the semiannual prix fixe dining promotion dropped for the first time in years.
Last year, diners paid $35.11 for a three-course dinner and $20.11 for a three-course lunch. This year, restaurants had the option of offering either a $30.12 or $20.12 three-course dinner and a $15.12 two-course lunch.
5. Maryland top earners would pay more under O’Malley budget – by Nicholas Sohr
Gov. Martin O’Malley called for higher taxes Wednesday on Maryland’s top earners, new Internet-based revenues, and for counties to shoulder a share of teacher pension costs to support a “difficult” $35.9 billion budget.
The fiscal 2013 proposal is 3 percent larger than this year’s spending plan and would raise taxes on 20 percent of Marylanders.