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Thursday, May 26, 2011

New Baltimore Arena Could Be Privately Built If State Kicks In $400 Million For Convention Center

The Greater Baltimore Committee Wednesday unveiled a grand, $900 million plan for Baltimore’s Inner Harbor that will include a new, privately financed 18,500-seat arena topped by a 500-room hotel, both attached to an expanded Baltimore Convention Center. The $325 million arena and $175 million hotel would be built on the site of the Sheraton Hotel at Conway and Charles streets owned by Willard Hackerman of Whiting Turner Contracting Inc. and would be privately financed. But the project is dependent on being attached to a convention center that would double in size if the state will kick in bonds for the $400 million expansion.

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7 comments:

Anonymous said...

state will kick in 400mill?
there go our taxes again

Anonymous said...

The state needs to stay OUT of it. We can't afford to go spending millions on things we don't absolutely need. And just who's going to reap the rewards of all this extra revenue? The privately funded contributors, that's who.

Anonymous said...

what about the city of Baltimore kicking in instead? How about they borrow from the state instead of all of us paying for another wonderful Baltimore attraction.

Anonymous said...

9:14 perfectly correct. They'll claim "look at the jobs created" but fudge over the fact that the jobs are cleaning toilets and serving food.

Anonymous said...

The same can be said by the people of Baltimore who continue to fund ocean front beach replenishment with sand.

Myself, I think all those types of subsidies should stop! If we ever get a Katrina, all the sand in the world won't help Ocean City.

Anonymous said...

Since we as taxpayers fund so much of these kind of subsidies, why aren't taxpayers considered investors and recieve dividends with interest?

Anonymous said...

Bmore is s toilet.