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Tag Archives: tax increment financing

Baltimore City Council looks for more transparency in development tax incentives

Baltimore City Councilman Bill Henry, shown at an earlier meeting, says the city needs to do a better job of providing comprehensive and easily accessible information showing which tax breaks have been granted to whom. (The Daily Record / Maximilian Franz)

Members of the Baltimore City Council made a push for greater transparency in tracking how well development tax incentives work as part of a briefing on the use of such incentives Thursday morning. Tax increment financing (TIF) and Payment in ...

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Developers seek to keep Howard County public financing lawsuit alive

Howard County Executive Alan H. Kittleman. (File photo)

Howard County’s decision to abandon the use of public financing for a garage as part of Howard Hughes Corp.’s massive redevelopment of the Crescent District in downtown Columbia isn’t enough to persuade a group of developers to drop a lawsuit arguing ...

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Poppleton incentive package passed to full City Council

As expected, a legislative package allowing for $58.3 million in public money for a proposed mixed-use development in Poppleton is headed for the full Baltimore City Council. On Thursday, the council’s Taxation, Finance and Economic Development Committee approved moving the ...

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Poppleton tax incentives moving forward

A legislative package that includes $58.3 million in public funds for a proposed mixed-use development in West Baltimore will likely be heading to the full City Council next month. On Thursday, the Baltimore City Council’s Taxation, Finance and Economic Development ...

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Baltimore City Council panel passes Harbor Point TIF

Michael Beatty

A City Council committee voted to approve a $107 million tax increment financing plan for the proposed Harbor Point development, turning aside calls from business leaders to reduce it to about a third of that amount and from protesters to reduce it to zero.

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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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