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12.10.2015
And it seems the way the Harbor Point deal is structured makes it different than most financing packages. There have been forecasts that Harbor Point will support nearly 7,200 construction jobs and about 6,600 permanent employment positions. We’ve been led to believe that more jobs for the city is better for all of us — except the numbers don’t support this assertion.
The hotel is conveniently located 3 blocks from Inner Harbor attractions, and it's across from the Convention Center, 1st Mariner Arena, and the home fields of the Orioles and Ravens.


The city helps the corporation build essential infrastructure to get the job done and the corporation delivers jobs and pays taxes on what it builds. This mechanism allows a city like Baltimore to sell bonds based on the forecasted tax revenues — such as the property taxes from buildings at Harbor Point.
According to Baltimore Development Corporation President Brenda McKenzie, the risk of failure for the bonds falls on the developer and not the city. Last summer, a number of citizens from the Perkins Homes Housing projects voiced their dissatisfaction at the then proposed tax incentive financing deal for the Harbor Point Project.


Those in town for business will appreciate our location close to Duetshce Bank, Transamerica and Johns Hopkins Hospital and University, while those in town visiting students will love our close proximity to the University of Baltimore and Loyola University Maryland. So, when a city that has as many ills as Baltimore learns that our local government is giving “tax breaks” to a big developer like the Beatty Development Group LLC, you could assume there would be a call to arms to fight the good fight against corporate greed and corrupt government.



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