By: Robert J. Terry
The $1.8 billion East Baltimore development was back in the news, and the latest story by Melody Simmons on the massive project was the most-viewed story this week by The Daily Record’s business staff. Other popular stories included a Bethesda bottled tea company agreeing to be acquired by an industry giant, and an account of a little-known federal fund for spent nuclear fuel and how that impacts Constellation Energy’s bottom line.
1. E. Baltimore partnership barred from doing business in Md. – by Melody Simmons
Baltimore City Circuit Court records show that four of the seven members of the Presidential Partners-New East Baltimore Partnership LLC — Ronald H. Lipscomb, Dean S. Harrison, Owen M. Tonkins III and Brian D. Morris — owe a total of $809,582.68 in state and federal taxes.
2. Coca-Cola swallows Honest Tea – by Paul Samuel
The Coca-Cola Co. of Atlanta has exercised its option to acquire the remaining portion of Bethesda-based Honest Tea Inc., an organic bottled tea company. Coca-Cola bought a 40 percent stake in Honest Tea in 2008 for $43 million. The companies did not disclose how much Coca-Cola paid to acquire the rest of the Bethesda company.
3. Country-themed bar, Baltimore Comedy Factory coming to Power Plant Live! – by Rachel Bernstein
PBR Baltimore will open Friday with an outdoor deck, two 150-foot long bars, as well as fireplaces and a dance floor. It will be the third Professional Bull Riders Inc. location, taking up 10,000 square feet. The first spot opened in Kansas City, Mo., in 2009, and the second in Las Vegas.
4. $24B fund for spent nuclear fuel repository unused since ’82 – by Ben Mook
When the Nuclear Waste Policy Act of 1982 was enacted, the U.S. Department of Energy began collecting money to create a central repository to store used fuel rods starting in 1998 — at the latest. The Nuclear Waste Fund now has more than $24 billion, but not a single spent fuel rod has been picked up and a central repository is only a possibility.
5. ShopRite grocery store project in Howard Park moving forward – by Rachel Bernstein
The BDC is proposing a land-disposition agreement with ShopRite of Liberty Heights Real Estate LLC for the development of a 67,659-square-foot store. The store will include produce, meats, a bakery, a pharmacy and 278 parking spaces. The project is expected to cost $13.5 million.