Baltimore City’s spending board approved a contract with a well-known developer in the city, who is also behind the redevelopment plans for Harborplace, to build another development in West Baltimore and lease office space to the city that will become the new headquarters for a city agency.
Under the plan, which was unanimously approved Wednesday at the Board of Estimates, will kick in $16 million of city dollars towards the $41 million project dubbed Reservoir Square that will house the new headquarters for the Mayor’s Office of Employment Development.
Tuesday, after FOX45 News and other outlets questioned Mayor Brandon Scott about the planned contract, Mayor Scott issued a lengthy statement regarding the plan. The funding approved Tuesday will “be used to leverage nearly $21.5 million in financing as well as nearly $4 million in New Market Tax Credits” to build the facility, according to Mayor Scott’s office.
“Two core components of my administration have been to invest in all parts of Baltimore that have been overlooked for decades and to modernize city government to make vital services more accessible to more Baltimoreans,” Mayor Scott said via statement. “The opening of this new headquarters will do both, marking a significant milestone in our administration’s commitment to not only workforce empowerment and economic development but also to reimagining how City services can be funded and delivered.”... Read More: FOX45