Tax Deal For $1.3B Harbor Plan Clears Baltimore City Council

Law360, New York (September 10, 2013, 4:31 PM EDT) -- After much debate, the Baltimore City Council on Monday approved a major tax deal for the $1.3 billion Harbor Point redevelopment project, paving the way for ground to be broken on Exelon Corp.'s new headquarters this fall.

The council approved $106.9 million in tax increment financing to developer Beatty Development, despite opposition from council members and other local stakeholders that argued the deal was being pushed through without proper analysis and that the city should not take on so much debt. The vote sent the legislative...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.