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BDC recommends Harbor Point's $107 million tax increment financing request
BDC recommends Harbor Point's $107 million tax increment financing request

The board of the Baltimore Development Corp. is recommending the city approve a developer's request for $107 million in tax increment financing to pay for roads, utilities and parks for the $1 billion mixed-use Harbor Point development on the waterfront between Harbor East and Fells Point. The board of the BDC, the city's development agency, voted Thursday to send a recommendation to Mayor Stephanie Rawlings-Blake for consideration. The financing, a way to fund construction of public infrastructure for new development, also requires City Council approval. Developer Michael S. Beatty's Harbor Point Development Group LLC is re-developing the mostly vacant 28 acres, the...

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