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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: Principal sees hope in a work in progress

The day was “like Christmas” — optimistic, energetic and full of hope, recalls Cathleene J. Miles. It was Aug. 31, 2009 and the temporary East Baltimore Community School was open for business. No one was more optimistic, energetic and full ...

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Daily Record investigation: Wrecking buildings or lives in Middle East?

Did they have to destroy the community to save it? Most of The New East Baltimore’s 88 acres remain undeveloped, with only 37 percent of the rental and for-sale homes planned for the first phase actually built. East Baltimore Development ...

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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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