Real estate experts offered a gloomy view of the market for some of the office space in the core of downtown, telling the Baltimore Development Corp. Thursday it is becoming harder for owners of offices along the Baltimore and Charles Street corridors to find tenants.
Baltimore Police Commissioner Anthony W. Batts told City Council members Wednesday that 212 vacant officer positions will be eliminated from the force, marking the first significant reduction in the ranks in decades.
Baltimore's spending panel agreed on Wednesday to give H&S Bakery $200,000 to relocate its distribution center from Harbor East, as part of controversial agreement officials say will help keep the business in the city.
The Rawlings-Blake administration is set to give $200,000 to help H&S Bakery move its Harbor East distribution center to an industrial area of East Baltimore — sparking discussion of whether subsidies should be needed to help a successful business expand.
The $300,000 grant will allow for the demolition of the 14 vacant buildings along the shopping strip, but Brenda McKenzie, president of Baltimore Development Corp., said officials haven't decided which buildings will be razed and which will be preserved.
The city is seeking development ideas for a 16-acre group of properties close to the Old Town Mall, an East Baltimore shopping strip that has been the target of revitalization efforts on and off for more than 40 years.
The Rawlings-Blake administration plans to propose bigger property tax breaks for industrial properties in Southeast Baltimore — including the site of a new Amazon warehouse — to bring more jobs to the area.
By By Natalie Sherman and Luke Broadwater and The Baltimore Sun
The owners of the Holiday Inn Express on Russell Street, as well as other businesses in the area, said they are betting on the Horseshoe casino to put Carroll-Camden on the map, and hope it will bring spillover economic development to the largely industrial zone.
The Social Security Administration's departure creates a vacuum in an area where stalled developments and ongoing concerns about safety threaten to undermine renewal brought by the expansion of the University of Maryland, new apartments and a nascent arts district anchored by the Hippodrome and Everyman Theatre.
City officials on Monday will consider issuing $35 million in bonds for the massive Harbor Point development — among the final steps before construction can begin on the $1.8 billion waterfront project. Some are urging the board not to approve the financing until all environmental concerns associated with the former chemical plant site are alleviated.
The makeover of the mills along the Jones Falls into a hub of trendy restaurants and residences has succeeded so well that parts of the area no longer qualify for the federal tax credit that helped finance some of the work.
Fidelity & Guaranty Life Insurance Co., a presence in Baltimore since its founding 54 years ago, will be moving its headquarters to Des Moines, Iowa — another disappointment for the city that has seen a loss of corporations based here.
A $400 million gambling complex that will house a "world-class" casino is rising along Baltimore's Russell Street — land that until last year was barred from construction because of the high risk of flooding.
By By Luke Broadwater and Natalie Kornicks and The Baltimore Sun
Mayor comes to Hampden's ice cream parlor, The Charmery, to promote the city's fledgling micro-loan program, hold a business roundtable — and sample a new SRB flavor, strawberry, rhubarb and blueberry, named for her initials. The parlor was one of first businesses in the city to get a micro-loan. Also on hand are two women who got a loan to start a mobile coffee truck.
The Baltimore City Council gave final approval Monday to more than $100 million in taxpayer assistance for the massive Harbor Point development that the mayor calls a "once-in-a-generation opportunity."
Amid continued protests, the Baltimore City Council is set to give final approval Monday to more than $100 million in taxpayer assistance for the massive Harbor Point development that the mayor calls a "once-in-a-generation opportunity." Critics question both the size of the aid package and the amenities on which the money will be spent.