The commercial development industry in Maryland managed to stave off a bill requiring developers receiving certain public financing to pay laborers the prevailing wage, but the bill is expected back next year. House Bill 466 sponsored by Del. Cory McCray, ...

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An influential nonprofit released a report recommending Baltimore ensure greater resident participation in its process for awarding public financing for development projects. The Citizens Planning & Housing Association released its transition report addressed to Mayor Catherine Pugh, and the City ...

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With the Baltimore City Council’s approval of the public financing package for the proposed Port Covington project, Sagamore Development Co. can move forward with final permitting approvals and activating the engineers, bulldozers and construction crews. There is still an incredible ...

Tagged with: Donald C. Fry port covington TIF

A City Council committee will reconvene its hearing on a legislative package that would create $535 million in public financing for the proposed redevelopment of Port Covington. The hearing is scheduled for 5 p.m., Wednesday at the War Memorial building, ...

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Despite calls for the current Baltimore City Council to hold off considering legislation for $535 million in public financing for the proposed $5.5 billion redevelopment of Port Covington, the legislative body is poised to take up the issue before its ...

Tagged with: Baltimore port covington TIF

Key members of Baltimore’s City Council want the current council to consider legislation to authorize $535 million, over 25 years, in financing for public infrastructure improvements for the proposed Port Covington redevelopment despite the council facing heavy turnover this election ...

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The controversial tax increment financing bonds, or TIFs, to be issued to Harbor Point developer Michael Beatty this winter will not directly fund public infrastructure at the $1 billion project as pledged by Beatty to the City Council last summer.

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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.

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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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The city’s design review panel on Thursday questioned the wisdom of architects who have planned construction of a temporary public park on the grounds of a new hotel in the 88-acre East Baltimore Development Inc. project.

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