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Cordish asking city for $3 million rent break to improve Power Plant
Cordish asking city for $3 million rent break to improve Power Plant

The Cordish Cos. is seeking $3 million worth of rent breaks on two city-owned properties near the Pier 4 Power Plant complex in exchange for making $6 million to $9 million worth of improvements to help keep existing tenants and attract new ones — possibly including a branch of Maryland-based Phillips Seafood restaurants. Company principals David Cordish and Zed Smith met Thursday with directors of the Baltimore Development Corp. behind closed doors to outline their plans for improving the Power Plant, explain why they are seeking financial assistance from the city and describe how they would apply proceeds from any rent abatement. They said the Power Plant property, an Inner...

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