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Tag Archives: TIF

Week in review – 2/10/12: Exelon picks Harbor Point

Exelon picks Harbor Point Exelon Corp. will build its $120 million, 300,000-square-foot Baltimore headquarters at Harbor Point, part of a $250 million development that it expects will attract about 4,500 permanent jobs, company officials said. The Baltimore Development Corp. is seeking ...

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TIF use could grow in Maryland with new legislation

Legislation to expand the use of tax increment financing in certain growth areas of the state is expected to be introduced in the General Assembly next week, according to Jon Laria, chair of the Maryland Sustainable Growth Commission. During a ...

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Top 5: ‘We think we can bring a lot of excitement to this area’

A new Wegmans was announced for Owings Mills and a federal agency might hold up the Constellation/Exelon merger. Meanwhile, a legendary Baltimore Sun photographer’s prints are going to auction — much to his daughter’s chagrin — and plans for a ...

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Editorial: City must act on TIFs, PILOTs

A task force studying the use of TIFs and PILOTs in Baltimore issued an insightful and informative report last week with 11 written recommendations that should be the starting point for reforming the city’s use of these increasingly popular but ...

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Private developers’ tax breaks to come under intense scrutiny

Should financially strapped Baltimore support private development? That is one of the questions posed by a city task force that studied the practice of granting millions in taxpayer incentives for economic development. Over the next six months, city leaders will ...

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Rawlings-Blake rejects moratorium on TIFs, PILOTs

A city task force examining taxpayer incentives to developers is recommending new criteria for the awards, including profit sharing on all projects, independent monitors and possible use of such inducements to help rebuild Baltimore’s middle class. During a hearing at ...

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Task force: Clear policies required on incentives to developers

A city task force examining taxpayer incentives to developers is recommending new criteria for the awards, including profit sharing on all projects, independent monitors and possible use of such inducements to help rebuild Baltimore’s middle class. The task force’s report ...

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Activists to get a meeting with BDC President Brodie

Saying they want the Baltimore Development Corp. to account for its “conduct and shortcomings” a group of local activists have sent an open letter to BDC President M.J. “Jay” Brodie requesting a meeting to air several complaints. Brodie said he ...

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Top 5: ‘…it is a marquee company in Baltimore’

Under Armour is looking to expand its Tide Point complex, and its looking to the city for TIF bonds to help. The talks continue on a merger between University of Maryland’s College Park and Baltimore campuses. Those stories and more ...

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Week in review: 10/6/11

Under Armour wants TIF aid The Baltimore City Council is expected to consider a request this fall by Under Armour Inc. for tax increment financing bonds to fund a portion of the company’s major expansion at Locust Point’s Tide Point complex. ...

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