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Edgar Allan Poe House and Museum
West Baltimore development receives preliminary approval of $58.6 million TIF
West Baltimore development receives preliminary approval of $58.6 million TIF

The city's Board of Finance approved $58.6 million in financing Monday for new homes, shops and other construction near the University of Maryland Biopark and the Edgar Allan Poe House — an area that has suffered from disinvestment and blight. The Poppleton development, a $460 million plan to be built over 15 to 20 years, could add 1,600 rental and for-sale homes to the area, as well as a school and about 150,000 square feet of retail space. The tax increment financing would include about $38 million to pay for public improvements such as upgrades to streets, sidewalks, utilities and new parks. For the deal to go forward, it must receive approval from Mayor Stephanie...

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