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Tag Archives: TIF

EBDI misses revenue projections, triggers special tax

Baltimore Department of Finance officials were forced to send a “special tax” bill of $1.2 million to East Baltimore Development Inc. in March in order to meet the scheduled payment on tax increment financing bonds sold to partially fund the $1.8 billion redevelopment of Middle East.

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Under Armour HQ to get illuminated sign, big retail store

Under Armour’s plan to expand its Locust Point campus — including adding up to 50,000 square feet in retail space,  a new office building with an illuminated logo that will rival the Domino Sugar sign and new playing fields on ...

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Beatty sealing Harbor East’s deals

Days before Exelon Corp.’s Feb. 1 announcement that it had chosen to build a $120 million tower at Harbor Point, a frantic, last-ditch effort was underway by some in the local development community to steer the company toward the city’s ...

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Top 5: ‘This tool may be a double-edge sword’

Tax increment financing in the district surrounding Harbor Point could change just as Exelon Corp. prepares to build its Baltimore headquarters there. McCormick & Co. Inc. also announced this week they will be opening a retail store at the Light ...

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Tax breaks for Exelon draw fire at City Hall

Members of the Baltimore City Council and others Thursday questioned millions of dollars in tax breaks set to go toward a $120 million office development for Exelon Corp. in Harbor Point. Two public subsidies for the developer, Harbor East Development ...

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