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The Mayor's MOED deal

As part of a deal that Baltimore’s mayor struck with a developer, taxpayers will contribute $16 million to a new office building that the city will rent, not own. And they're locked into renting the space for a long time - until 2055. That's a $63 million to $80 million commitment over time. Mayor Scott points to the project’s potential to uplift a disinvested neighborhood. But does the deal also reflect his close ties to the developer, a heavy campaign contributor and fundraiser? Baltimore Brew first disclosed this complex and unpublicized arrangement, then went on to take a hard look at the details of the financing as well as the pros and cons of such a large public investment.