BUSINESS
By Steve Kilar, The Baltimore Sun | June 6, 2013
Developer Michael Beatty pressed the Baltimore City Council to approve the issuance of $107 million in bonds to pay for infrastructure at Harbor Point, saying Thursday that the prime real estate would remain a gravel-covered lot without city-financed roads and sewer pipes. Finding private investment to construct buildings at the site is difficult enough without having to raise money for utility hookups and parks, Beatty told reporters at a morning news conference. "Without infrastructure here, you can't build buildings," he said.
NEWS
May 28, 2013
Welcome back to work. If you are like most Americans, Memorial Day weekend was not only a solemn occasion to recall the men and women of the U.S. armed forces who gave their lives in service to their country but also an opportunity to take some time away from the job, hit the road and see a bit of America with the family. And chances are, as this was one of the biggest travel weekends of the year, the state of the nation's roads, bridges and airports did not go unnoticed. They are, to put it mildly, in failing condition and getting worse.
NEWS
By John Fritze, The Baltimore Sun | May 22, 2013
Maryland's newest member of the House of Representatives introduced his first bill on Wednesday, a new infrastructure funding proposal that has won bipartisan support in an otherwise divided Congress. Rep. John Delaney, the Potomac Democrat who has represented Maryland's 6th Congressional District since January, is proposing to allow U.S. companies to repatriate a portion of their overseas cash, tax free, if those companies invest in a new bond program that would be used to pay for highways, energy projects, school buildings and other infrastructure.
NEWS
By Stephanie Rawlings-Blake | May 17, 2013
A strong and sustainable 21st century economy can only be built from the bottom up. And today, as President Barack Obama visits Baltimore, it is this fact that will drive us to join with him to renew a call for Congress to focus on common-sense investments that create middle-class job opportunities now and reward America's economic future. Here in Baltimore, when it comes to economic development and jobs, the future of our local economy is heavily dependent on three critically important areas that require continued, targeted investments: public education, infrastructure, and job skills and readiness.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 17, 2013
Baltimore Gas and Electric Co. asked Friday for another rate increase, three months after winning approval for higher charges, and company officials said they expect to seek more in the future. It's the third time in as many years that BGE has requested higher distribution rates. If approved, the typical residential customer getting both electricity and gas would pay about $72 more a year for distribution. Company officials said they expect to ask for frequent rate increases as they seek reimbursement for more aggressive tree-trimming, infrastructure upgrades and other work aimed at improving service.
NEWS
By Sandy Apgar | May 8, 2013
There's a P3 in your future. Maryland is poised to join 34 states and key federal agencies in transforming the way government works. The new mantra, "P3," is shorthand for public-private partnerships. Maryland's P3 legislation, championed by Lt. Gov. Anthony Brown, enables state agencies to engage business in planning, financing, building and operating public projects, from roads and rail to schools and other infrastructure. These could offset up to 10 percent of the state's capital budget, or $300 million annually, and create thousands of jobs.