The Taylor family is facing fierce opposition from residents wary of a development project after flooding in downtown Ellicott City that shuttered businesses and threatened people’s livelihoods. A 2017 hydrological study showed that development partially exacerbated the devastation.
Goucher College graduate and former local official now leads EPA’s mid-Atlantic Region, which covers Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia, West Virginia and seven federally recognized tribes.
The name of the neighborhood, Port Covington, is not changing, according to city officials. But the overall area bought, controlled and managed by the developers is being rebranded.
The change, made public this week, is an attempt by new developers at the New York-based MAG Partners and the San Francisco-based MacFarlane Partners to turn a page on a contentious project that has faced delays, turnover and public criticism for its heavy reliance on subsidies.
Real estate development firm MAG Partners has taken over Port Covington and aims to leave the past behind. It will announce a new name for the development this week.
The Baltimore Banner sat down with CFG Bank founder and board chair, John W. “Jack” Dwyer, and CEO and president, William C. “Bill” Wiedel Jr., to discuss the bank’s expansion and growing footprint in the city.
The facility is the first anchor to open in the new South Baltimore entertainment corridor, which aims to connect existing M&T Bank Stadium with Horseshoe Baltimore Casino.
The soft launch marks the unveiling of a renovated space called the South Market, a $45 million redevelopment project that has been in the making for four years.
The deal with CFG Bank, a commercial bank currently headquartered near Lake Roland, encompasses about 20% of the roughly 500,000 square feet of office space included in the project’s initial phase
The facility’s East Market was closing for good Saturday, and the project’s developer said it’s in the final stretch before a new, adjacent facility opens officially to the public this fall.
The economic and social costs of the city’s vacant housing crisis “far exceed the investment needed to bring them back to productive use,” the report argues.
The planned destruction will remove the last remaining structures at the defunct Charles P. Crane Generating Station, and comes as Baltimore County planners are weighing a request by property owner Forsite Development Inc. to extend public water lines to the property.