Baltimore’s Planning Commission voted Thursday to endorse a $105 million tax increment financing package for a massive redevelopment of East Baltimore.
The panel gave the thumbs up after an hour-and-a-half-long virtual hearing. It was dotted with sharp questioning about the project itself, city property values and the mix of market-rate, low-income and affordable apartment units planned for the project.
The hearing offered the latest scrutiny of the TIF and the $1 billion, 244-acre project that kicked off in 2018 and got a boost through a $30 million Choice Neighborhoods grant from the U.S. Department of Housing and Urban Development.
The TIF will help to fund infrastructure at a portion of the site and a new City Springs Elementary and Middle School, as well as a new grocery store, two public parks and new street grids and sidewalks.
