The Baltimore City Council’s Board of Estimates terminated the city’s “Master Lease Agreement” with Grant Capital Management. The board made the move this morning unanimously without any discussion.
The city has had a master-lease agreement with Howard County financier J.P. Grant’s company, Grant Capital Management, since 2003. The deal has enabled Grant’s company to finance millions of dollars worth of city purchases.
A report released by Baltimore’s Inspector General found that Grant had discussions with former Baltimore Mayor Catherine Pugh about how the company could get more business. J.P. Grant, who illegally gave nearly $170,000 to former Mayor Catherine Pugh in the midst of the Healthy Holly book scandal, according to court documents.
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