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Tag Archives: exelon

Council approves Harbor Point TIF

1a HarborPointMF_web

The Baltimore City Council’s vote Monday night for the sale of as much as $125 million in tax increment financing bonds for infrastructure, parkland and other improvements to help construct the controversial Harbor Point development will set into motion a two-month investigative period on the entire deal, city officials said.

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Editorial: Too much infighting over city’s development projects

All the recent sniping over whether to grant taxpayer-financed infrastructure subsidies to help lure Exelon to a proposed development at Harbor Point has obscured a critical point — that ultimately, any new development will help the city as a whole.

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GBC to ask for reduction in proposed Harbor Point TIF

The Greater Baltimore Committee will ask city lawmakers Wednesday evening to cut the proposed initial amount of tax increment financing for the Harbor Point project to less than one-third the amount under consideration.

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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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Community requests Harbor Point share its tax benefit

Councilman Carl stokes shakes hands with Denise Street, Perkins Homes resident, while welcoming  people into the City Council chambers.

A crowd of nearly 150 — many of them residents of public housing and local clergy — packed the chambers of the Baltimore City Council Wednesday for a committee hearing on a set of tax breaks totaling $88 million for a waterfront development where the energy giant Exelon Corp. plans to locate its local headquarters.

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