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Tag Archives: clipper mill

TIF use could grow in Maryland with new legislation

Legislation to expand the use of tax increment financing in certain growth areas of the state is expected to be introduced in the General Assembly next week, according to Jon Laria, chair of the Maryland Sustainable Growth Commission. During a ...

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Private developers’ tax breaks to come under intense scrutiny

Should financially strapped Baltimore support private development? That is one of the questions posed by a city task force that studied the practice of granting millions in taxpayer incentives for economic development. Over the next six months, city leaders will ...

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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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General Growth, Struever and BB&T Bank to receive special tax bills

City officials this month will send out $652,000 in special tax bills for tax increment financing bond repayments because property taxes collected from three prominent city developments were not enough to reimburse investors. The Clipper Mill, Belvedere Square and Mondawmin ...

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Candidates target public subsidies, modular housing on upswing, tidbits and more

One of the targets at a Democratic mayoral forum sponsored by BUILD Thursday night was giving public subsidies to wealthy developers to help in local economic development. You know, like the subsidies given or promised to developers John Paterakis, William ...

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Clipper Mill tax revenue falls short; city will send additional property bills

Property taxes at the chic Clipper Mill development near Hampden will not generate enough money to cover an upcoming bond repayment, and Baltimore officials say more payments are needed from developers and possibly property owners to make up the difference. ...

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