Wednesday, December 18, 2019

City finance board approves first sale of Port Covington bonds

Baltimore’s finance board endorsed a $148 million tax increment financing bond sale for the massive Port Covington project on Wednesday. The panel unanimously voted in a meeting at City Hall in favor of a financial package for the first set of TIF bonds in the $5.5 billion project. The bonds are expected to be sold in late January by the Maryland Economic Development Corp. The bonds to be sold will be the first round in a $660 million TIF package approved by the City Council in 2016. The funds…



from https://www.bizjournals.com/baltimore/news/2019/12/18/city-finance-board-approves-first-sale-of-port.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/189750354872

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