The long-awaited plan for re-imagining downtown Baltimore’s iconic, yet faded, Harborplace features four new buildings, two of them apartment towers, surrounded by a reworked Inner Harbor promenade, a large new park and realigned roadways.
The developer behind the proposal said Monday he plans to raise $500 million in private funds for the project, but public money would be needed to pay for open spaces and infrastructure.
MCB Real Estate’s P. David Bramble told The Baltimore Sun days later just how much money that could be. Bramble estimated about $300 million would be needed for the promenades and public spaces as designed and $100 million to reconfigure Pratt, Light and Conway streets.
That’s a massive ask for a cash-strapped city where residents already complain about resources and money spent on downtown rather than on the multitude of needs in their neighborhoods.
Click here to read the rest of the article written by Lorraine Mirabella over at The Baltimore Sun
