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BUSINESS
By Ted Shelsby | November 9, 1990
Mayor Kurt L. Schmoke took a step yesterday toward merging the city's two major downtown development groups into a single agency.The mayor has asked David M. Gillece, president of Baltimore Economic Development Corp., to look at the feasibility of merging BEDCO and Center City-Inner Harbor Development Corp.Center City-Inner Harbor Development was created last year by combining the operations of Charles Center Inner Harbor Management Corp., which was responsible for development around the Inner Harbor, and Market Center Development Corp.
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BUSINESS
By Natalie Sherman, The Baltimore Sun | July 31, 2014
Beatty Development Group said Thursday that it hopes to break ground early next year on its next building in Harbor Point — an 18-story complex with 285 apartments. The development firm, which is working with Henson Development Co. on the Point Street Apartments, outlined plans before the city's design review panel for the 290,000-square-foot building, which would be located on what is currently a parking lot just west of the historic Ferndale Fence & Awning building and behind Thames Street Wharf, where Morgan Stanley has its offices.
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NEWS
March 20, 1992
The Baltimore Inner Harbor development is being repeated around the world wherever ports have moved downriver from their origins and left abandoned waterfront that, like a properly irrigated desert, might bloom. Bloom with promenades and shops and cafes and the parade of humanity. And so Inner Harbors are being attempted from London to Sydney.The agreement of the Enterprise Development Co., creation of James Rouse of Harborplace, Cross Keys and Columbia fame, to take on a 14-acre development site in Belfast should spread hope across Northern Ireland, where endless sectarian strife and terrorism have so often killed hope.
BUSINESS
By Natalie Sherman, The Baltimore Sun | March 28, 2014
Environmental regulators gave a key approval to Harbor Point developers Thursday, but said they need to review more data before work that would open a currently-closed toxic waste site can start. The Environmental Protection Agency and the Maryland Department of the Environment approved a plan to monitor air quality during construction, requiring air samples to be taken every 15 minutes on the site, a former chromium plant. Off-site monitoring will continue at the National Aquarium and the Baltimore City Fire Station in Old Town.
BUSINESS
By Michael A. Fletcher and Michael A. Fletcher,Evening Sun Staff | November 9, 1990
Mayor Kurt L. Schmoke has asked David Gillece, president of Baltimore Economic Development Corp., to explore merging BEDCO with Center City-Inner Harbor Development Inc. Both are quasi-public development agencies.The mayor yesterday appointed Gillece as acting president of Center City.The move comes after the resignation of long-time Center City head Albert M. Copp, who left the agency in September after receiving harsh criticism from City Council members and others for the agency's allegedly secretive operating style and poor handling of several downtown development projects.
BUSINESS
By Kevin Thomas and Kevin Thomas,Evening Sun Staff | September 26, 1991
Baltimore Economic Development Corp. President David M. Gillece has resigned a week after completing a merger of BEDCO with the city's office for downtown development.Gillece was appointed by Mayor Kurt L. Schmoke four years ago and has been responsible for developing a plan to merge BEDCO with Center City Inner Harbor Development.BEDCO's primary responsibility had been overseeing city economic development outside downtown.A statement last night from City Hall announcing the resignation said Gillece was leaving the post, effective Oct. 4,"to pursue other opportunities in the private sector."
BUSINESS
By Michael A. Fletcher and Michael A. Fletcher,Evening Sun Staff | November 8, 1990
Mayor Kurt L. Schmoke today announced the appointment of David Gillece, president of Baltimore Economic Development Corp., as acting president of Center City-Inner Harbor Development Inc. and asked him to explore merging the two quasi-public development agencies.The move comes after the resignation of long-time Center City head Albert M. Copp, who left the agency in September after receiving harsh criticism from City Council members and others for the agency's allegedly secretive operating style and poor handling of several downtown development projects.
BUSINESS
By Edward Gunts | March 2, 1991
Mayor Kurt L. Schmoke announced yesterday that he has decided to merge Baltimore's two quasi-public economic-development agencies, the Baltimore Economic Development Corp. and Center City-Inner Harbor Development Inc., by July 1.The idea has been under study since November. It was seen in part as a cost-saving measure, but the mayor said yesterday that he is convinced it also will provide a more effective way to promote the continued investment by businesses in Baltimore.David W. Gillece, BEDCO president and acting head of Center City-Inner Harbor, will head the as-yet-unnamed agency.
NEWS
By Edward Gunts and Edward Gunts,Staff Writer | September 16, 1993
Baltimore's Market Place may be rebuilt at a cost of up to $12.5 million to resemble a canal, complete with a fleet of old-time barges and fishing schooners doubling as vendors' kiosks and outdoor cafes.Nautical flags atop the boats and a wide array of food and crafts would bring a burst of color to the corridor, and cranes with large banners would be positioned at each end of the "canal" to call attention to nearby attractions.Alongside the real vessels would be a series of beached "ghost boats" -- cast replicas of oyster tonguing vessels, banana barges and other work boats that once plied the waters of Baltimore's Inner Harbor.
NEWS
By Doug Birch and Doug Birch,Annapolis Bureau of The Sun | December 20, 1990
ANNAPOLIS -- Gov. William Donald Schaefer said yesterday that Baltimore's mayor and business leaders should join the state in writing a new master plan for development of the Inner Harbor near the vacant Power Plant and bankrupt Brokerage complex."
BUSINESS
By Natalie Sherman, The Baltimore Sun | December 17, 2013
The developer of Harbor Point has placed Thames Street Wharf, the Baltimore offices of Morgan Stanley, on the market. Morgan Stanley is the primary tenant in the 277,000 square-foot building, the first in the planned 27-acre Harbor Point development. The building opened in 2010 on 1.3 acres at 1300 Thames Street. The asking price was not disclosed. Beatty Development Group LLC is looking to recapitalize the debt and equity for the $100 million building and is using commercial real estate company CBRE to "generate interest," said Marco Greenberg, vice president at Beatty, in a statement.
NEWS
By Jean Marbella, The Baltimore Sun | September 7, 2013
When developer Michael Beatty comes home from a hard day of reshaping the city's skyline, first with Harbor East and now with its neighbor, Harbor Point, he relaxes by cooking. "I love seeing projects through, but they take so long to get done," Beatty said. "So I cook, and I have results in an hour. " Not always good results, though, as Beatty learned the night he decided to make baguettes. They came out of the oven golden and fragrant - but also heavy and inedible as bricks, he remembers telling John Paterakis, his partner at the time at H&S Properties Development.
NEWS
By Luke Broadwater, The Baltimore Sun | August 16, 2013
The developer of Harbor Point plans to buy the initial offering of city-issued bonds for the $1.8 billion project, accruing millions in interest from the controversial public financing deal, city officials confirmed Thursday. Developer Michael S. Beatty's Harbor Point Development Group LLC plans to purchase about $35 million of the $107 million in bonds and would earn an estimated 6.5 percent interest rate, enabling him to pay for a construction loan. Stephen M. Kraus, the city's chief of treasury management, said the arrangement would save the city money because a private sale is cheaper to orchestrate than a public bond offering.
NEWS
July 23, 2013
It is no wonder that no affordable housing is being planned at Harbor Point despite the $107 million tax subsidy being sought ("What Harbor Point is asking for," July 21). The affordable housing bill passed by the City Council in 2007 was never intended to be functional. It was doomed to failure from the very start. It merely served as an "opiate for the people," despite the fact that it was brought about by faith communities to deal with the injustices in Baltimore City's housing market for low-income workers.
NEWS
By Luke Broadwater and The Baltimore Sun | July 16, 2013
Activists plan to protest the $107 million in city financing requested for the waterfront Harbor Point development. The Fair Development Campaign will hold a demonstration in front of City Hall at 4 p.m. Wednesday to protest the tax increment financing plan "Time and again, the city has awarded our resources to wealthy developers at the taxpayers' expense in the hope that money will trickle down," states a news release from the group. "This model has failed. The Harbor Point TIF deal is more of the same.
NEWS
July 4, 2013
Recent debate over city tax credits for the Harbor Point development project miss the point ("BDC says Stokes spreading misleading information about Harbor Point plan," July 2). Harbor Point is a large parcel that is proposed to accommodate the new Exelon building as well as an entire fantasy land of additional development, including condos, apartments, retail space and office buildings. All of the glossy projections of bountiful tax revenue for the city and thousands of jobs are based on building out this magic kingdom.
BUSINESS
By PHILIP MOELLER | October 2, 1991
Mayor Kurt L. Schmoke has arrived -- business executives and development professionals are loathe to openly criticize him for fear of retribution. This milestone of accumulated power shows signs of further enhancement in the form of incipient cronyism. Not bad for just one term.Last week's resignation of David M. Gillece, the city's chief economic development official, puts a lot of pressure on Mr. Schmoke's unblemished facade. No one is suggesting that the mayor has done or condoned any inappropriate behavior.
NEWS
By Gilbert Sandler | September 15, 1998
THE DEVELOPMENT of the Inner Harbor has accelerated and is moving at a feverish pitch. Which makes this a good time to take a breath and consider that not all of the Inner Harbor's enterprises have been successful.Remember the Nobska? It was heralded as the Inner Harbor's first floating restaurant. The former three-deck, New England excursion boat, which was moored near the Maryland Science Center, opened in April 1976 on a high note. Some 300 luminaries attended, toasting the beginning of a new era. Waiters in tuxedos circled with champagne and fancy foods.
NEWS
By Luke Broadwater, The Baltimore Sun | June 26, 2013
The $1 billion Harbor Point development would reap a profit of $124 million for its investors without government financing to pay for its infrastructure, according to recently released city documents. That may seem like a huge payoff, but it's not enough to attract the large investors the Harbor Point Development Group LLC needs, according to the Baltimore Development Corp., the city's quasi-public development arm. That's why the BDC has asked the City Council to approve issuing $107 million in city bonds to pay for the infrastructure.
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