Last week's headlines

Md. leads nation with a 39% drop in home sales

May 18, 2008

Savannah calls on Baltimore

The Savannah, the world's first nuclear-powered commercial vessel, will be docked at Canton Marine Terminals in Baltimore for at least the next year as crews scrub the ship of remaining radioactive materials. The decommissioned ship still emits low-grade radiation though the fuel source was removed decades ago. Officials says the radiation levels do not pose a health threat.

Home sales fall faster in Md.

Home sales fell faster in Maryland than in any other state in the nation in the first three months of the year, dropping more than even in hard-hit spots of the country such as California. Sales in January through March dropped nearly 39 percent in Maryland compared with the same months last year, the National Association of Realtors said.

State gives airlines a break

The state has struck a deal with the airlines that use Baltimore-Washington International Thurgood Marshall Airport not to collect $32.2 million of the $57.3 million in terminal rents and other fees it undercharged them over the past four years. The Maryland Aviation Administration plans to collect only $25.04 million of the uncollected fees.

At Canton Crossing

Developer Edwin F. Hale is planning a "Main Street"-style shopping center on a former oil refinery site that would likely be anchored by Target and grocer Harris Teeter and more than double the size of his Canton Crossing mixed-use development. The 550,000-quare-foot project, formally known as The District at Canton Crossing, is expected to cost $140 million and open by 2011.

Metastorm plans IPO

Metastorm Inc., a privately held software provider, said that it plans to sell public stock. The 12-year-old company filed a registration statement last week with the Securities and Exchange Commission for an initial public offering. The company said it could raise as much as $86 million through the offering, according to the filing.

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