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DMA opposes Harbor Point tax proposal

The Downtown Management Authority of Baltimore on Tuesday said its board voted to oppose the tax-increment financing, or TIF, proposed for the Harbor Point complex planned by the Beatty Development Group for Exelon Corp.’s regional headquarters.

The TIF is supported by key city leaders, including Mayor Stephanie Rawlings-Blake and City Council President Bernard C. “Jack” Young.

In a lengthy statement, the DMA said it did not make the decision to oppose the TIF lightly, and debated the issue “for quite some time.”

The DMA said it opposes the TIF to benefit the Beatty group because it wants a downtown TIF that it proposed but which city officials rejected in favor of the Harbor Point development.