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Tag Archives: TIF

City Council members in tiff over Harbor Point TIF

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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.

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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 plans put on hold following hearing

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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.

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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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