Baltimore taxpayers won’t see profit sharing for the redeveloped Cross Street Market until 2028, the developer said on Monday. The 50-50 split in profits for the historic Federal Hill market on the brink of a $6.5 million overhaul will begin after developer Caves Valley Partners recoups its close to $4.5 million in investment in the project, said Arsh Mirmiran, a partner in CSM Ventures LLC, an entity controlled by Caves Valley which is undertaking the redevelopment. The city will contribute $2…
from http://www.bizjournals.com/baltimore/news/2017/01/09/behind-caves-valleys-agreement-to-overhaul-cross.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/155637252162
No comments:
Post a Comment