Legislation to establish up to $125 million in tax-increment financing advanced in the Baltimore City Council Monday evening, despite continued protests from some local leaders and residents.Read More »
Baltimore activists and City Council members sparred, sometimes angrily, with one another Wednesday as a council committee continued to debate the merits of a public financing plan for the proposed Harbor Point development.Read More »
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.Read More »
The Downtown Management Authority of Baltimore on Tuesday said its board voted to oppose the tax-increment financing, or TIF, proposed for the Harbor Point complex planned by the Beatty Development Group for Exelon Corp.’s regional headquarters.Read More »
City finance officials were wrong to close a May 20 meeting at City Hall in order to discuss and vote on details of a $107 million request for taxpayer subsidies for a luxury development at Harbor Point, the Attorney General’s Open Meetings Compliance Board found.Read More »
Plans for a $107 million tax-funded incentive for Baltimore’s proposed Harbor Point development were put on hold for at least several weeks, following a hearing Wednesday evening at City Hall.Read More »
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.
Tagged with: Baltimore baltimore city council Baltimore Development Corporation Business councilman carl stokes Development exelon finance Harbor Point michael beatty tax increment financing Taxes TIFRead More »