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Tag Archives: councilman carl stokes

Harbor Point TIF could cost $283 million

Although the initial request for one of three public tax breaks for a $1 billion development on the city’s waterfront near Harbor East is $107 million, the cost of repaying that amount will balloon to more than $283 million over the three-decade term of the bonds, according to city documents.

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Stokes seeks investment for Perkins Homes community

Perkins Homes residents feel ‘used’ in tax break for Harbor Point project.

Baltimore City Council member Carl Stokes introduced legislation Monday night that would require nearly $16 million be returned to a low-income area and public housing project near Fells Point that developers of the $1 billion Harbor Point project used to gain a $52 million state tax credit.

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