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Top 5: ‘…the next generation of the Inner Harbor experience’

Major development plans were announced this week for Baltimore’s Inner Harbor and Prince George’s County’s National Harbor. Those stories and more in this week’s business top 5.

1. GBC unveils plans for Inner Harbor redevelopment – by Melody Simmons and Rachel Bernstein

Sweeping redevelopment plans for the Inner Harbor — including a $900 million multiplex for a new arena, hotel and expanded convention center, waterfront attractions and a new look for Rash Field — were unveiled Wednesday by the Greater Baltimore Committee.

The plans are designed to rejuvenate the area around Harborplace, one of the city’s top tourist attractions, which is 31 years old in July, said Donald C. Fry, president and CEO of the GBC.

2. National Harbor adds $100M Tanger Factory Outlet complex – by Rachel Bernstein

National Harbor will be adding a $100 million retail outlet as part of a plan by its developers to expand the convention and resort complex into a one-stop shop for visitors.

Tanger Outlets at National Harbor is expected to be home to about 80 outlet designer and name-brand stores in a 350,000 -square-foot center on 40 acres, according to plans announced Monday.

3. O’Malley names new heads at Maryland Insurance Administration, SDAT – by Nicholas Sohr

Gov. Martin O’Malley appointed a new insurance commissioner, top property tax assessor and a new health care board Thursday.

Therese Goldsmith, a member of the Public Service Commission and formerly a white-collar litigation attorney with Hogan & Hartson, will take the insurance post July 1.

4. State urges Baltimore judge to deny would-be casino developer’s challenge – by Nicholas Sohr

The state of Maryland urged a Baltimore judge on Wednesday to deny a challenge by a would-be casino developer seeking to secure the lone city gaming license.

Baltimore City Entertainment Group “was a terrible, terrible applicant,” said Daniel A. Friedman, counsel to the state’s Video Lottery Facility Location Commission. “It filed a confused application. It never got its financing deal together. It made and broke dozens of promises to the location commission and its staff.”

5. O’Malley wants a space business incubator – by Nicholas Sohr

The state will start an incubator for space-related businesses and take other steps to “unlock the enormous economic and employment potential of Maryland’s space sector,” Gov. Martin O’Malley said Monday.

Space follows biotechnology and cyber security as a focus for the governor’s economic development efforts. All three have centered on high-tech fields with ties to universities and federal agencies with a strong research presence in the state.