The following article first appeared in the Baltimore Sun on Jan 18, 2017:
In this podcast:
It happened just a few days before Christmas: Maryland’s governor, comptroller and treasurer — the state’s Board of Public Works — voted to cancel the $1.5 billion State Center redevelopment plan on mid-town Baltimore’s west side, a project 10 years in the making. Gov. Larry Hogan claimed the plan made no economic sense. What’s more, the state filed a lawsuit against State Center’s developer, seeking to break the leases for office space that underpin the financing of the project. Then, state comptroller Peter Franchot suggested that a whole new plan be developed to include a sports arena for an NBA or NHL team. And just like that, Hogan agreed to have the Maryland Stadium Authority fast-track a study of how to redevelop the property, including whether an arena would be feasible. So, in a very short period of time, a huge, well-vetted redevelopment project was killed, a new one proposed, and the state went to war with the developer. Merry Christmas! What happened? Dan goes over the story with Caroline Moore, CEO of Ekistics, the Baltimore development firm and leader developer of State Center.