* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)
Introduced by: Councilmember Cole
A RESOLUTION ENTITLED
A COUNCIL RESOLUTION concerning
Title
Outer Harbor Initiative - A Community Redevelopment Strategy
FOR the purpose of requesting that the Baltimore City Council through the Community Development Subcommittee review and approve the Outer Harbor Initiative.
Body
Recitals
The Outer Harbor Initiative (OHI) is a comprehensive redevelopment strategy that would redevelop vacant, abandoned, or speculator held housing. OHI has three components:
1. Increased Investment in Code Enforcement: Because much of Baltimore’s vacant and abandoned housing is held by speculators who hold property for appreciation vs. investing in its redevelopment, there should be more resources devoted to legal and enforcement strategies to force speculators to redevelop property.
2. Capital & Developer Participation: Banking and other lending entities together with responsible for profit and not-for-profit developers should participate in the strategy. Baltimore City should engage these partners in coordination with investment.
3. Neighborhood Association or Associated Marketing: As investment is made in specific neighborhoods, there should be coordination with neighborhood associations or partners to develop attraction of completed homes. Outside partners may include city marketing organizations or realtors.
Done successfully, the Outer Harbor Initiative will have multiple ben...
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