The future owner of Harborplace in downtown Baltimore will have a hand in deciding how tens of millions of dollars of taxpayer money are spent fixing up the area immediately surrounding the aging pavilions on the city’s waterfront.
David Bramble and his firm, MCB Real Estate, want to redevelop Harborplace — the mostly vacant twin pavilions in the Inner Harbor — and build a 40-story tower on a parking lot across Pratt Street. Both projects likely would receive a boost from $67.5 million of taxpayer money set aside by the Maryland legislature for the Inner Harbor.
The mayor announced in April that Bramble and MCB had agreed to buy Harborplace. The mall-like mix of stores and restaurants has been losing money for years under an out-of-state owner. Turning around the sinking Harborplace — considered an iconic part of the Inner Harbor — is seen as key to attracting people and businesses to downtown.
Click here to read the rest of the article written by Giacomo Bologna over at The Baltimore Sun
