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By Jacques Kelly, The Baltimore Sun | April 15, 2010
Robert E. Voelkel Jr., who headed the old Mercantile Safe-Deposit and Trust Co.'s mortgage division and later worked in nonprofit housing for the addicted, died of cancer Tuesday at Gilchrist Hospice Care. The Roland Park resident was 78. Born in Baltimore and raised in Hamilton, he attended St. Dominic's School and was a 1949 Loyola High School graduate. He attended the University of Maryland, College Park and Georgetown University before enlisting in the Air Force. He left military service as a lieutenant and earned a civil engineering degree at the Johns Hopkins University.
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NEWS
June 6, 2013
By granting tax benefits on a case-by-case basis to projects like the Exelon building, the government is essentially staying in the development business ("Harbor Point tax deal challenged," June 3). The City Council is greenlighting projects whose proponents make a good case that Baltimore's tax system makes their projects uneconomical. It's heady stuff for the City Council to be wined, dined and lobbied by these powerful interests. Yet to really get Baltimore going, the city should shock the system with a 50 percent tax reduction financed by long-term bonds and let the market decide where the growth will be. Families would flock to the city and developers would fall all over themselves to provide homes, retail, office and other infrastructure development without special tax breaks.
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NEWS
June 6, 2013
By granting tax benefits on a case-by-case basis to projects like the Exelon building, the government is essentially staying in the development business ("Harbor Point tax deal challenged," June 3). The City Council is greenlighting projects whose proponents make a good case that Baltimore's tax system makes their projects uneconomical. It's heady stuff for the City Council to be wined, dined and lobbied by these powerful interests. Yet to really get Baltimore going, the city should shock the system with a 50 percent tax reduction financed by long-term bonds and let the market decide where the growth will be. Families would flock to the city and developers would fall all over themselves to provide homes, retail, office and other infrastructure development without special tax breaks.
NEWS
By Luke Broadwater, The Baltimore Sun | November 2, 2012
Common Cause Maryland questioned Friday whether the city's ethics board director is fit for the job after he acknowledged that he was performing legal work on behalf of developers with business interests in Baltimore. "This raises questions about his fitness for the job," said James Browning, regional director for Common Cause. "There are several serious problems here. " Avery Aisenstark is director of the city's department of legislative reference and its ethics board. He has come under fire from Common Cause for working on behalf of a group, called the Committee for Zoning Integrity, that is challenging some Baltimore County zoning decisions.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 18, 2011
Tom "TK" Kuegler is a New England-based venture capitalist who grew up in Baltimore — and who hasn't quite left the city behind. He finds himself here quite often, visiting family and volunteering with the board of sponsors at Loyola University Maryland's Sellinger School of Business. Lately, though, he finds himself in Baltimore on scouting missions — for the next hot startups. Kuegler is general partner and co-founder of Wasabi Ventures, a Silicon Valley-based venture capital firm that funds and incubates technology startup companies.
NEWS
By Darren M. Allen and Darren M. Allen,Staff writer | December 30, 1990
After nearly eight years of record growth, Carroll County -- as well as the rest of the Baltimore region -- suffered an abrupt economic downturn in the second half of 1990 that slowed construction, industrial development and business expansion.The slowdown in new home construction -- which really began at the end of last year -- was especially significant in a county that for years could count on a steady stream of thousands of new residents, new public services, new businesses and new sources of revenue.
BUSINESS
June 1, 2008
Magna gets loan reprieve Magna Entertainment Corp., which owns Laurel Park and Pimlico Race Course, received a reprieve on loan repayments and more cash. The Canadian company had owed $180 million to parent MI Developments Inc., which has a 59 percent stake in Magna, by the end of the month, and Magna's $40 million line of credit with a bank was due Friday. The bank exteneded its deadline to July 30, and MID to Aug. 31. $550 million in construction Developers completed nearly $550 million in downtown Baltimore construction projects in the first four months of this year.
NEWS
By Patrick Gilbert and Patrick Gilbert,Staff Writer | October 17, 1992
In an unusual move, the Baltimore County Planning Board has rejected a recommendation that would have cleared the way for development around one of the county's busiest intersections.York Road at Burke Avenue is a major artery for Towson area employees heading to and from work.Public works officials had asked that the designation of the intersection at the southern edge of central Towson be upgraded because surveys show congestion there may be easing.Stephen E. Weber, assistant traffic engineer for the county Bureau of Traffic Engineering, said this was the first time the board had rejected a recommendation on an intersection's designation since the county's Basic Services Law went into affect in 1979.
NEWS
By James M. Coram and James M. Coram,Staff writer | March 18, 1992
Community activist John W. Taylor is angling for a large crowd at tomorrow night's Zoning Board hearing on the comprehensive rezoning of western Howard County.Taylor, president of the slow-growth lobby Howard Countians for Responsible Growth, said his group distributed 2,000 fliers during the weekend, urging residents to attend the hearing.The fliers were unlike those his group passed around three days before a public meeting last June, Taylor said. The June fliers were credited with producing an angry crowd that practically hooted the Rural Land Use Study Commission off the stage for suggesting clustered housing alternatives to the current one-house-per-three-acre zoning inrural Howard County.
BUSINESS
By Hanah Cho, The Baltimore Sun | August 25, 2011
Selling a ski resort near Deep Creek Lake is one of several options that its owners are considering to resolve financial difficulties related to another business. Karen Myers, one of the three partners of Wisp Resort in Garrett County, said in a brief interview Thursday that the partners were having trouble negotiating the repayment of a $28.5 million loan with BB&T Corp. The loan was tied to the construction of an 18-hole golf course and a community near Deep Creek Lake, which is experiencing lackluster sales of home sites, Myers said.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 18, 2011
Tom "TK" Kuegler is a New England-based venture capitalist who grew up in Baltimore — and who hasn't quite left the city behind. He finds himself here quite often, visiting family and volunteering with the board of sponsors at Loyola University Maryland's Sellinger School of Business. Lately, though, he finds himself in Baltimore on scouting missions — for the next hot startups. Kuegler is general partner and co-founder of Wasabi Ventures, a Silicon Valley-based venture capital firm that funds and incubates technology startup companies.
BUSINESS
By Hanah Cho, The Baltimore Sun | August 25, 2011
Selling a ski resort near Deep Creek Lake is one of several options that its owners are considering to resolve financial difficulties related to another business. Karen Myers, one of the three partners of Wisp Resort in Garrett County, said in a brief interview Thursday that the partners were having trouble negotiating the repayment of a $28.5 million loan with BB&T Corp. The loan was tied to the construction of an 18-hole golf course and a community near Deep Creek Lake, which is experiencing lackluster sales of home sites, Myers said.
NEWS
By Jacques Kelly, The Baltimore Sun | April 15, 2010
Robert E. Voelkel Jr., who headed the old Mercantile Safe-Deposit and Trust Co.'s mortgage division and later worked in nonprofit housing for the addicted, died of cancer Tuesday at Gilchrist Hospice Care. The Roland Park resident was 78. Born in Baltimore and raised in Hamilton, he attended St. Dominic's School and was a 1949 Loyola High School graduate. He attended the University of Maryland, College Park and Georgetown University before enlisting in the Air Force. He left military service as a lieutenant and earned a civil engineering degree at the Johns Hopkins University.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | July 18, 2009
The president and executive director of the Maryland Technology Development Corp., started by the state legislature to help create and nurture tech businesses, will be resigning after 2 1/2 years on the job. Renee M. Winsky's resignation will be effective Aug. 28, according to the organization's Web site. The site did not say why Winsky was leaving. Winsky and other TEDCO officials did not return phone calls Friday seeking comment. John Wasilisin, TEDCO vice president and chief operating officer, will take over the post in the interim.
BUSINESS
June 1, 2008
Magna gets loan reprieve Magna Entertainment Corp., which owns Laurel Park and Pimlico Race Course, received a reprieve on loan repayments and more cash. The Canadian company had owed $180 million to parent MI Developments Inc., which has a 59 percent stake in Magna, by the end of the month, and Magna's $40 million line of credit with a bank was due Friday. The bank exteneded its deadline to July 30, and MID to Aug. 31. $550 million in construction Developers completed nearly $550 million in downtown Baltimore construction projects in the first four months of this year.
BUSINESS
By Tricia Bishop and Tricia Bishop,Sun reporter | September 18, 2007
After calling Northern Virginia home for more than 20 years, AOL LLC announced plans yesterday to shift its headquarters to New York City in a move that's more symbolic than physical. New York is the world's advertising hub, and AOL is aiming to become an advertising empire, building on the success of its Baltimore-based unit, Advertising.com. All ad-related businesses will now be swept into an umbrella network - collectively called "Platform A" - alongside the Locust Point company. Yesterday's developments were described as the final stages in AOL's transition from a dial-up Internet service provider to an ad-driven company.
NEWS
By Phillip McGowan and Phillip McGowan,sun reporter | December 1, 2006
Robert L. Hannon, a top business official in the Ehrlich administration, has been selected by Anne Arundel County Executive-elect John R. Leopold to run the county's economic development arm. Leopold's appointment Wednesday of Hannon, 60, as president and chief executive of the Anne Arundel Economic Development Corp. came a day after Aaron J. Greenfield, who has headed the quasi-governmental agency, was tapped to be chief of staff to Howard County Executive-elect Ken Ulman. An Annapolis resident, Hannon said he would run the agency on a full-time basis starting next month.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | July 18, 2009
The president and executive director of the Maryland Technology Development Corp., started by the state legislature to help create and nurture tech businesses, will be resigning after 2 1/2 years on the job. Renee M. Winsky's resignation will be effective Aug. 28, according to the organization's Web site. The site did not say why Winsky was leaving. Winsky and other TEDCO officials did not return phone calls Friday seeking comment. John Wasilisin, TEDCO vice president and chief operating officer, will take over the post in the interim.
NEWS
By Phillip McGowan and Phillip McGowan,sun reporter | December 1, 2006
Robert L. Hannon, a top business official in the Ehrlich administration, has been selected by Anne Arundel County Executive-elect John R. Leopold to run the county's economic development arm. Leopold's appointment Wednesday of Hannon, 60, as president and chief executive of the Anne Arundel Economic Development Corp. came a day after Aaron J. Greenfield, who has headed the quasi-governmental agency, was tapped to be chief of staff to Howard County Executive-elect Ken Ulman. An Annapolis resident, Hannon said he would run the agency on a full-time basis starting next month.
NEWS
By LARRY CARSON and LARRY CARSON,SUN REPORTER | August 23, 2006
An ambitious plan to transform the bare, sprawling parking lot at the Savage MARC train station into a hub of residential and commercial activity received enthusiastic endorsement yesterday from Gov. Robert L. Ehrlich Jr. and a gathering of other state and Howard County officials. At a news conference on the station lot, the officials and Phillip L. Ross, president of Petrie Ross Ventures of Annapolis, showed artists' drawings of high-rise buildings surrounding fountain plazas lined with sidewalk cafes.
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