Governor O'Malley announces Phase One of State Center project
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State Center from Ekistics on Vimeo.
State Center from Ekistics on Vimeo.
The Board of Public Works on Wednesday unanimously green-lighted work to begin on the $215 million first phase of a massive public-private partnership designed to revitalize central Baltimore, improve government office space, and create jobs. The revitalization of State Center project will give a boost to the ailing construction industry at a time when commercial development is hurting, and will cost state taxpayers little because of low interest rates and the risks borne by private developers.
The Maryland Board of Public Works gave its approval Wednesday afternoon to a 28-acre redevelopment project in midtown Baltimore slated to cost $1.4 billion and to take at least a decade to complete.
State legislators indicated they will let the $1.4 billion State Center redevelopment in Baltimore City move forward, despite lingering concerns about the project’s finances and impact on Maryland’s ability to borrow money.
Maryland treasurer issues warning about $1.4 billion development, but backers say complex would be economic stimulus for Baltimore. Click here to read more.