103

This should come as no surprise given the overwhelming support the City Council has shown this plan from the beginning, but let it be known that the $107 million in tax-increment-financing for the development of Harbor Point has received final approval, with Council members voting 11-3 in favor, with one abstention.

And itโ€™s likely that construction will begin right away; officials from Beatty Development Group told the Baltimore Sun that theyโ€™ve set a target date of Oct. 15 to break ground on a skyscraper that will serve as Exelonโ€™s new regional headquarters.

Despite vocal opposition to the project from various groups, its supporters couldnโ€™t be more optimistic. Mayor Stephanie Rawlings-Blake has called the project โ€œcatalytic.โ€ City Council President Bernard C. โ€œJackโ€ Young is confident that the gains in employment will actually lower crime in the city. Developer Michael S. Beatty predicts Harbor Point โ€œwill create thousands and thousands of jobs.โ€

It really lends the undertaking an air of prophecy.  I donโ€™t know about you, but when that first shovel hits the dirt on Oct. 15, I expect to see the skies part and a dove descend to perch on someoneโ€™s hard hat or something.

One reply on “Harbor Point TIF Officially Happening, to Break Ground in Five Weeks”

Comments are closed.