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Park Heights Renaissance gets more city money
Daily Record Business Writer//January 15, 2014
Park Heights Renaissance gets more city money
Baltimore’s spending board has approved a request from the city’s housing department to continue funding administration and operations at Park Heights Renaissance Inc., a nonprofit that opened in 2008 to redevelop the community in the northwest part of the city that includes Pimlico Race Course.
The $512,877 allotment approved by the Board of Estimates will be funded from gaming revenues under a plan approved last July by Mayor Stephanie Rawlings-Blake.
The funds will pay salaries of the CEO, Julius Colon, and other officials, including the vice president for community and economic development, the vice president of human services and the coordinator and office manager through July 30.
The nonprofit has a star-studded board of directors that includes city Housing Commissioner Paul Graziano, City Councilwoman Sharon Green Middleton and Kaliope Parthemos, deputy chief for economic development in the mayor’s office.
The group is charged with redevelopment in the struggling city community under a master plan that was passed in 2007.
Gambling revenues from slot machines in Maryland are expected to generate about $6 million for the Park Heights redevelopments through 2015.
In another matter, the Board of Estimates voted to spend $44,000 to repair the city-owned Little Italy Garage after engineers discovered structural problems in the facility at Bank and Exeter streets.
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