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$2.5M capital grant to spur MEDCO development in southern Md.
MEDCO announced a $2.5 million capital grant that will target infrastructure needs and strategic economic development initiatives in southern Maryland.
Morgan State plans apartment-style dorms to address housing crunch
Morgan State University will work with the Maryland Economic Development Corp. to build an on-campus residence hall to address an expected increase in the student body, the university announced last week after the project was approved by the school’s Board of Regents. The new building, projected to open in 2022 and to house 700 to 900 […]
First TIF coming to Baltimore County?
Baltimore County’s first taxpayer-funded incentive for a large development — an $80 million tax increment financing package to be presented and backed by the state — is being prepared to help finance infrastructure costs at the $700 million Metro Centre development in Owings Mills.
Casino could be ‘magic bullet,’ at Rocky Gap, MEDCO boss says
MEDO Executive Director Robert C. Brennan spoke with The Daily Record at length this week about the lodge, a project that he said failed as a hotel, conference center and golf resort but succeeded from an economic development perspective, driving some tourism to Allegany County.
‘Rocky Gap Lodge’ is no more
A casino in Rocky Gap State Park is still a few weeks away from opening, but the new owners of what was once a state-owned vacation and conference center have already debuted the resort's new digital presence.
MEDCO wins tax dispute
The Maryland Economic Development Corp.’s statutory tax exemption includes recordation taxes, the state’s highest court held Tuesday.
Eye Opener: Companies, government should be fined for bad speed camera tickets, Cardin says
State regulators may approve casinos' requests to stay open 24 hours a day later this week, but the casinos and industry experts are a little unsure of how much demand there will be for round-the-clock gambling.
Board of Public Works OKs slots deal for Rocky Gap
ANNAPOLIS — After years of delay stemming from a lack of interested and quality bidders, a group that will build a slots parlor at the debt-ridden Rocky Gap Lodge and Golf Resort was approved Wednesday by the Board of Public Works. Evitts Resort LLC will build a 50,000-square-foot, 850-slot facility that could open by mid-2013 […]
Lawsuit filed to void state lab construction contract at EBDI
A lawsuit seeking to void the $170 million construction contract awarded for a new state Department of Health and Mental Hygiene lab at the East Baltimore Development Inc. site was filed Monday as plaintiffs charge that the contract was awarded to Turner Construction Co. without competitive bidding. The 82-page suit was filed in Baltimore City […]
Rocky Gap debt by the numbers
Rocky Gap Lodge and Golf Resort, the state-owned hotel, conference center and golf course property in Western Maryland, is $66 million in the hole and that debt has played a central role in efforts to find a casino developer to take over the complex. One of the reasons the Video Lottery Facility Location Commission tossed […]
