Maryland Gov. Larry Hogan and Baltimore Mayor Stephanie Rawlings-Blake on Tuesday announced a $700 million plan to knock down vacants and rebuild in Baltimore's poorest neighborhoods.
Here's four key facts about what is being called Project C.O.R.E.
- The plan calls for about 4,000 vacant properties to be demolished in Baltimore over four years at a cost of $94 million. Most of the money will come from the state.
- The properties will first be turned into green space before redevelopment is explored.
- The state, through the Maryland Stadium Authority, will offer an estimated $600 million in financing for developers to rebuild the blighted areas.
- In West Baltimore’s Sandtown-Winchester neighborhood, where the program was announced, about 34 percent of rowhouses are vacant. Only Old Town and Greenmount East in East Baltimore have higher rates of vacant houses.