Michael Bloomberg

Once a three-term mayor of New York City, free-spending Bloomberg offers advice and money to Pugh

Once a three-term mayor of New York City, free-spending Bloomberg offers advice and money to Pugh

When Michael Bloomberg comes to Baltimore, money tends to follow — most often to his beloved alma mater, Johns Hopkins, to which he’s donated $1.5 billion over the years, the most any living benefactor has given to a single educational institution.

But last week, the finance and media magnate arrived bearing gifts to the town beyond the gown. Along with the Wall Street firm Goldman Sachs, he dropped a $10 million donation to fund a small business initiative in Baltimore for the next five years. That came on the heels of a three-year, $1.5 million grant to City Hall to help reduce violence in Baltimore.

Mayor Catherine Pugh could not be more grateful. Since taking office in...

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