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Developer to pay for Baltimore deputy mayor to travel to China to seek investors

Developer to pay for Baltimore deputy mayor to travel to China to seek investors
Baltimore, Md -- With the exception of the McDonald's building, several other buildings in this block of East Baltimore Street have been demolished to make way for the proposed 1 Light St. tower. (Kim Hairston / Baltimore Sun)

Colin Tarbert, Baltimore's deputy mayor for economic development, plans to travel to China this week to attract foreign investment to Baltimore.

D.C.-based firm Madison Marquette, which is developing the 1 Light Street project in downtown Baltimore, is paying for Tarbert's trip, according to city documents. Madison Marquette is seeking foreign investment for its development plans in Baltimore.

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From Nov. 3 until Nov. 8, Tarbert will travel to Shanghai and Beijing to seek investment through the federal EB-5 program for immigrant investors, said Anthony McCarthy, a spokesman for Mayor Stephanie Rawlings-Blake.

"Colin will be presenting information on Baltimore's economy (regional and local), the City's policies to encourage growth and investment such as tax credit programs, and the City programs specifically available for the One Light Street project," McCarthy said in an email.

The trip will not cost taxpayers any money, according to city documents.

Development of 1 Light Street has been discussed for decades. The latest version of the project shows a glassy tower that would rise 28 stories, five floors fewer than proposed last year.

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