Maryland Senate President Bill Ferguson, District 46 Dels. Luke Clippinger, Robbyn Lewis and Brooke Lierman Thursday announced a historic $166 million investment in state funding to revitalize Baltimore’s downtown and Inner Harbor area.
The funding was secured over the past two legislative sessions and will continue through fiscal year 2025.
The delegates were joined by representatives of more than a dozen downtown and Inner Harbor anchor institutions who advocated for this funding, including the Downtown Partnership of Baltimore, the Waterfront Partnership of Baltimore, Baltimore City Community College, the Chesapeake Shakespeare Company, the Maryland Science Center, the National Aquarium, The Peale, Port Discovery Children’s Museum, the Pride of Baltimore II, the USS Constellation and Visit Baltimore.
Although downtown Baltimore is the fastest growing residential community in the city, there has not been sufficient funding in recent years to make the improvements necessary for the area to reach its fullest potential. The new investment aims to allow these anchor institutions to transform downtown and the Inner Harbor.
The $166 million in state funding includes:
- $50 million for the relocation of state employees from State Center to the Central Business District
- $11.5 million for the Downtown Partnership of Baltimore
- $7.5 million for the Inner Harbor Promenade with another $60 million pre-authorized in FY24 and FY25
- $7.4 million for the BCCC Bard Building
- $5.5 million for the Reginald F. Lewis Museum
- $5 million for the National Aquarium
- $5 million for streetscaping the new Warner Street Entertainment District
- $4 million for Rash Field Park
- $3.25 million for Port Discovery Children’s Museum
- $3 million for the Maryland Science Center
- $2.5 million for the USS Constellation
- $750,000 for the Pride of Baltimore II
- $400,000 for the Peale Center
- $200,000 for the Chesapeake Shakespeare Company