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. ...Read More »
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 ...
Tagged with: Annie E. Casey Foundation Baltimore carl stokes city council community east baltimore development inc. EBDI Forest City-New East Baltimore Partnership hearing jobs johns hopkins hospital maryland middle eastRead More »
The New East Baltimore project stands at a crossroads as it enters its second decade. After $564 million of investment, plans for a world-class biotech park have been shelved. Creation of new housing and new jobs lags far behind schedule. ...Read More »
After half a billion dollars of investment, the latest hopes of success for The New East Baltimore project are housed in three humble trailers on what used to be the playground of a now vacant and vandalized city school. There, ...Read More »
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 ...Read More »
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 ...Read More »
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 ...Read More »
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 ...
Tagged with: Baltimore community Development east baltimore east baltimore development inc. EBDI Johns Hopkins johns hopkins hospital middle east the new east baltimore the new east baltimore project urbanRead More »