Tag Archives: TIF

Md. bill requiring prevailing wage on TIF projects expected to return 

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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Baltimore needs TIF process transparency improvement, report says

East Baltimore resident Christine Thornton, owner of Chandler Enterprises, which provides clerical support services fans herself with a Port Covington sign during the hearing at the War Memorial Building, which was attended by over 200 people. (The Daily Record/Maximilian Franz)

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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What we can learn from the Port Covington deal and TIFs

Don Fry Big

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 ...

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Port Covington TIF hearing to resume

Port Covington infrastructure map. (Sagamore Development)

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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Some on city council pushing for swift action on Port Covington

Sagamore Development Co. has been urging the Baltimore City Council to take up its request for a $535 million tax increment financing package to provide public infrastructure for its sprawling Port Covington project before the end of the year. (File photo)

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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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.

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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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East Baltimore hotel to break ground in December 2014

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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