Sun Trust Building

Special tax deals unfair

The 15-year real estate tax abatement for the Superblock in West Baltimore raises important policy issues that need to be addressed. Specifically, should the city — and in certain cases, the state — grant economic incentives for real estate developments that 1) create competitive disadvantages for existing property owners and 2) reduce the city's property tax revenues from large-scale commercial developments?

From my private-sector perspective, the answer to the question is simple: Granting tax abatements that disadvantage existing taxpaying properties is wrong and will lead to an overall loss of tax revenues for the city. It is bad public policy that penalizes existing property...