Thursday, April 20, 2017

$90M lawsuit by developers against Howard Co. highlights controversy surrounding TIFs

Four developers with mega projects in suburban Howard County say a $90 million tax increment financing package awarded last year to the Howard Hughes Corp. for a 2,545-car garage in its redevelopment of downtown Columbia is an unfair business practice. A lawsuit filed this week in Howard County Circuit Court seeks to have the parking garage portion of the TIF — $51 million — renegotiated with the county in order to create a “level playing field,” a spokesman for the plaintiffs said Thursday. Corporate…



from http://www.bizjournals.com/baltimore/news/2017/04/20/90m-lawsuit-by-developers-against-howard-co.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/159794069432

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