Tuesday, July 16, 2013

Real estate swindles

City to borrow $107 million, plus $174 million in interest(!!) for a total cost of $281 million, plus will be handing out $113 million in tax breaks so that Harbor Point developer Michael S. Beatty can make an estimated $174 million in profits.* Note that the developers are legally required by their merger deal to build their headquarters in Baltimore City no matter what. Labor unions have a protest scheduled at  p.m. tonight in front of city hall.

Everyone said it was a horrible idea, and everyone was right, and finally Martin O'Malley has commented about the financial black hole that is the city-owned Hilton, the comment being that it's Ehrlich's fault for not giving the city some state money for it.

Tavon White's lawyer says Tavon is going to plead guilty to racketeering.* He's also due in court August 8 on attempted murder charges.

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