* 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 Stokes
A RESOLUTION ENTITLED
A COUNCIL RESOLUTION concerning
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Harbor Point Accountability for Perkins Homes
FOR the purpose of calling on the Harbor Point development team to make good on their representations that Harbor Point will benefit the nearby pockets of poverty that allowed for its inclusion in Baltimore’s Enterprise Zone by investing a fraction of the Enterprise Zone’s projected tax savings into the Perkins Homes community.
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Recitals
The Harbor Point development slated for construction on a currently vacant parcel between affluent Harbor East and Fells Point promises to once again transform Baltimore’s waterfront. However, according to the property’s developers, this project would not be possible without a variety of financial assistance from the City and State that they justify through arguments that the development will benefit the City as a whole, and many of our citizens, rather than just investors’ bottom lines.
One key piece of assistance that the Harbor Point developers secured for their property was its designation last year as part of Baltimore’s tax-reducing Enterprise Zone. Importantly, Harbor Point on its own would not have met the State’s criteria for inclusion in this program, intended to support economic development in impoverished and disadvantaged areas.
Instead, once it became clear that an application for the luxury Harbor P...
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