The Baltimore City Council is expected to consider a request by Under Armour Inc. for tax increment financing bonds to fund a portion of the company’s massive expansion at Locust Point’s Tide Point complex. The sportswear giant would use the ...Read More »
Daniels details K-8 school plan Johns Hopkins University President Ronald J. Daniels launched a public campaign Tuesday outlining Hopkins’ plans for the new East Baltimore Community School, which officials hope will attract families to the city’s Middle East neighborhood being redeveloped ...
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Baltimore finance officials have drained nearly half a million dollars from a special account to help cover the $1.4 million repayment due this month on $78 million in tax increment financing bonds issued for the struggling East Baltimore Development Inc. ...Read More »
Rawlings-Blake wins primary Hours after easily winning Baltimore’s Democratic primary on Tuesday, Mayor Stephanie Rawlings-Blake said she plans to take aggressive strides in local economic development, including a restructuring of the Baltimore Development Corp. TIF payments fall short Baltimore officials this ...Read More »
City officials this month will send out $652,000 in special tax bills for tax increment financing bond repayments because property taxes collected from three prominent city developments were not enough to reimburse investors. The Clipper Mill, Belvedere Square and Mondawmin ...Read More »
Borders to close as markets shift The closure of all 399 Borders bookstores nationwide, including 18 in Maryland, not only dramatically illustrates changes in the highly competitive publication industry, experts said this week, but also reveals the delicate relationship between large ...
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Property taxes at the chic Clipper Mill development near Hampden will not generate enough money to cover an upcoming bond repayment, and Baltimore officials say more payments are needed from developers and possibly property owners to make up the difference. ...Read More »
Developers in Baltimore were granted more than $14 million in property tax breaks last year through 35 incentive deals with the Baltimore Development Corp., the city’s quasi-public development arm. An annual report issued Wednesday to the city’s Board of Estimates ...Read More »
Two key reports on the current state of downtown Baltimore and what to do about it were issued last week – one by the Downtown Partnership of Baltimore and the other by the mayor’s task force on office vacancy rates. ...Read More »
ANNAPOLIS — New recommendations for the use of tax increment financing may be forthcoming as a state growth commission studies funding priorities for development, the commission chairman said Thursday. Jon Laria, an attorney with Ballard Spahr and head of the ...Read More »