Legg Mason plans to close a deal to restructure $650 million in debt this month, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.
The city-owned Hilton Baltimore spent nearly all of the $2.8 million in hotel occupancy taxes the city set aside last year to help the struggling convention center hotel make its debt payments, officials said.
From a presentation by Frito-Lay to approving the much-discussed Transit Oriented Development code to giving the OK for the police to sell one of its old cars, there was more than just pay raises and potholes addressed at Monday night's Aberdeen City Council meeting.
Baltimore water officials have been dogged in the last year by a series of extremely public problems. But behind the scenes, they have also been making progress on the city's aged and long-deteriorating water system.
The Laurel City Council is proposing to revise the tax break given to the developers of the Laurel Mall, Greenberg Gibbons Company, to be used for improving public infrastructure around the new development.
In reference to all the information provided about the Economic Development Policy, I submit the following from my committee, The Citizens of Harford County Watchdog Committee, an organization for fiscal responsibility and representative government in all matters of governmental fiduciary accountability, regarding economic development.
Mayor Stephanie Rawlings-Blake and schools chief executive officer Andrés Alonso presented a united front Tuesday in Annapolis as they asked state legislators to radically alter the manner in which school construction funds are provided.
As world economies knit ever closer together, the debt woes and economic slowdown in Europe are sending ripples across the Atlantic — giving pause to Maryland companies anxious about recessionary contagion and offering business opportunities to others.
The Maryland General Assembly's chief budget analyst offered lawmakers few palatable options for creating new jobs while dealing with the state's budget shortfall. His main advice: Don't borrow so much that you put the state's bond rating in jeopardy.
The Maryland Transportation Authority shows no indication of reversing its plans to hike tolls and kill the AVI decal at the Susquehanna River bridges, although local elected officials are still hoping for at least some compromise.
Conduct your own treasure hunt for lost money. Such digging is fast and easy because states and the federal government post information online about inactive bank accounts, forgotten savings bonds and lost pensions.
MLB debt: The Orioles were among nine teams in violation of MLB debt service rules, according to information presented in a confidential briefing at the owners' meetings last month and confirmed to the Los Angeles Times by three people familiar with the presentation.