#1 out of 1
business14h ago
Hotel and office occupancy fell in downtown Baltimore — but so did crime
- Downtown Baltimore saw a drop in hotel and office occupancy last year as per the Downtown Partnership report.
- Crime also declined in the district, seen as a positive sign for the area’s health.
- New development incentives could help revitalize the Inner Harbor and surrounding blocks.
- Governor Wes Moore signed the PILOT tax break, allowing negotiated payments in lieu of full property tax.
- Developers must reach a PILOT agreement with the city’s Board of Estimates.
- Downtown Baltimore’s health metrics come from the annual State of Downtown report.
- The Harborplace revitalization is among the shovel-ready projects noted by officials.
- Downtown Baltimore’s population and workforce trends show a modest decline.
- The news originates from The Baltimore Sun via local outlet coverage.
Vote 0
