After hearing from scores of citizens opposed to the deal, a Baltimore City Council committee approved a plan Wednesday night to give millions in taxpayer assistance to the $1.8 billion Harbor Point development.
A group of downtown property owners and managers announced its opposition to the Harbor Point tax increment financing plan Tuesday, a day before the City Council's taxation committee is set to hold another meeting on the legislation.
The city's Board of Finance violated transparency laws by meeting behind closed doors to approve more than $100 million in public financing for the massive Harbor Point development southeast of the Inner Harbor, a state panel has ruled.
Over a year ago Maryland's assessments agency acknowledged making chronic miscalculations on certain tax breaks for big commercial properties in Baltimore — errors that cost the city more than $1.5 million in potential taxes. Yet the administration of Mayor Stephanie Rawlings-Blake still isn't saying what it has done or plans to do about the errors.
Mayor Stephanie Rawlings-Blake says the city has nothing to lose and much to gain by borrowing $107 million to pay for new roads, parks and other infrastructure at Harbor Point, a vast emptiness that is envisioned as a glittering mini-city on Baltimore's waterfront. But some question whether the taxpayer help is needed, especially with Harbor Point already in line for $113 million in tax breaks.
The Baltimore Development Corp. has accused City Councilman Carl Stokes of spreading misleading information about the $1 billion Harbor Point development and how it qualified for tax breaks meant for impoverished areas.
The $1 billion Harbor Point development would reap a profit of $124 million for its investors without government financing to pay for its infrastructure, according to recently released city documents. With city financing, the project's profit would rise to $174 million by 2031.
Angry city residents shouted "Shame," "Unbelievable" and "We're fed up" at Baltimore's spending panel Wednesday for not stopping a water bill rate increase of nearly 42 percent over the next three years.
The chairman of the City Council's taxation committee says he'll hold a hearing on $107 million in infrastructure financing for the Harbor Point development now that he's received documents outlining the case for the funding.
Surrounded by Iowa farms at a facility for troubled youths, Gervontae Burgess' circumstances could hardly have been more different from his violent Baltimore neighborhood. Brad Knight, Burgess' football coach, remembers a bright young man with a broad smile and a desire to help others.
By By Justin Fenton, Justin George and Luke Broadwater and The Baltimore Sun
A city councilman who chairs the influential taxation committee is stalling $107 million in infrastructure financing for the Harbor Point development as he seeks more detailed information that he says is needed to justify the deal.
Peabody Heights brewery in Abell will throw a party/open house for the public Saturday, 2-6 p.m., and give tours. The 1-year-old brewery is located in an old gingerale bottling plant. We see how its doing. It's a big operation, I'm told. Some community leaders from Abel, Waverly, Charles Village are expected to come.
As the City Council works to finalize Baltimore's fee structure, religious nonprofits are lobbying local lawmakers to charge their groups a lower rate than companies and other nonresidential property owners.
Hours before introducing legislation to the City Council asking for more than $100 million in taxpayer assistance for a large waterfront development near Harbor East, the Rawlings-Blake administration released hard numbers to support its rationale for the financing deal.
The Rawlings-Blake administration is asking the City Council to approve more than $100 million in taxpayer assistance to help fund a large waterfront development that will house energy giant Exelon Corp.'s regional headquarters.
The City Council's finance committee will hear testimony Thursday on the mayor's bill to require the city's civilian employees to contribute to their pension fund. Councilman Carl Stokes, who chairs the finance committee, said he expects the plan to pass.
Anderson Automotive's Bruce Mortimer, who pulled the plug on the sale of the 25th Street Station land in Remington to developer Rick Walker, now says he has a new buyer for the 11-acre site. Meanwhile, his lawsuit is still pending against Walker.
The Greater Homewood Community Corp. Neighborhood Institute shows how to make north-central Baltimore a better place to live. Topics on Saturday include using outdoor murals to make communities more attractive. We need cover and jump photo of Karen Stokes, executive director, standing in front of outdoor murals at Waverly Giant store. Also need a mural with passersby.