Tradepoint Atlantic

Tradepoint Atlantic to seek at least $100 million in public financing

Tradepoint Atlantic to seek at least $100 million in public financing

The company redeveloping the former Sparrows Point steel mill is planning to ask Baltimore County government for up to $150 million in public financing to help pay for roads and water and sewer lines.

Tradepoint Atlantic, the company that bought the mill property in 2014, launched a “Revitalize Sparrows Point” online campaign Wednesday to drum up public support for the financing plan.

“We just want to make the public aware that we are kind of working in this direction,” Tradepoint Atlantic Vice President Aaron Tomarchio said.

He said the company intends to seek the county’s approval for $100 million to $150 million in tax-increment financing.

88°