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Author Archives: Melody Simmons and Joan Jacobson

Baltimore finds funds for EBDI TIF

Baltimore finance officials have drained nearly half a million dollars from a special account to help cover the $1.4 million repayment due this month on $78 million in tax increment financing bonds issued for the struggling East Baltimore Development Inc. ...

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EBDI pledges more transparency

Officials of East Baltimore Development Inc. promised a City Council committee Wednesday evening that they would operate with a renewed sense of transparency and communication about the finances and progress in economic development and new home construction as part of ...

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Daily Record investigation: TIFs increasingly fuel city projects

What is a TIF? The acronym stands for Tax Increment Financing, a little-understood form of public investment in urban redevelopment now favored by the city of Baltimore. When City Hall approves a TIF to help finance a new development, bonds ...

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Daily Record investigation: A dream derailed

The nation’s largest urban redevelopment, a projected $1.8 billion effort to transform 88 acres of East Baltimore into a world-class biotech park and idyllic urban community, lies derailed amid vacant lots, boarded houses and unfulfilled dreams a decade after it ...

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