Lt. Governor Brown, Sec. Edgerley Tour Proposed Baltimore BRAC Zone

BALTIMORE, MD (November 13, 2008) – Lt. Governor Anthony G. Brown continued his tours of proposed BRAC Zones today in Baltimore City. Brown, along with Maryland Department of Business and Economic Development Secretary David W. Edgerley, was led by Andrew Frank, 1st deputy mayor for neighborhoods and economic development, on the tour of the 42.9 acre Westport Waterfront development.

“Baltimore has been a proud protector of our national security throughout our history. Our BRAC efforts present a new opportunity for Baltimore to continue that proud tradition,” said Lt. Governor Brown. “Governor O’Malley and I look forward to working more closely with Mayor Dixon and the entire City to encourage more BRAC families and more BRAC businesses to discover everything Baltimore has to offer.”

Passed during the 2008 legislative session and signed by Governor Martin O’Malley in May, the BRAC Community Enhancement Act authorized the creation of BRAC Revitalization and Community Enhancement Zones to accommodate growth resulting from base realignment and closure (BRAC). Maryland anticipates the statewide creation of 60,000 jobs and the arrival of 28,000 new households before 2015 because of BRAC. The BRAC Zone legislation offers financial incentives to local governments for the infrastructure necessary to encourage BRAC-related businesses and households to locate within existing locally-designated state priority funding areas. All jurisdictions are eligible to apply for BRAC Zone designation, with priority given to areas that are served by public transportation and have the greatest capacity for economic growth.

“These tours help us better understand how our local partners are preparing for the influx of BRAC-related jobs and residents,” said DBED Secretary Edgerley. “The BRAC Zone legislation is one of many efforts the O’Malley-Brown Administration has implemented to maximize economic opportunities for Marylanders.”

The Westport Waterfront development is a mixed-use project and includes plans for sustainable, ‘green’ construction. Once complete, the development will include 3.2 million square feet of office space, 300,000 square feet of retail, more than 2,000 residential units and 500 hotel rooms.

In addition to Baltimore City, applications for BRAC Zones have been submitted by Laurel, Odenton, Frederick and an area near Andrews Air Force Base. Today’s tour was the third in a series of visits to each proposed BRAC Zone. Brown and Edgerley are scheduled tomorrow to visit the Odenton site. BRAC Zone decisions will be announced December 15, 2008.

Key Facts About Westport Waterfront Development:

  • Proposed development:
    • 3 million square feet of office space
    • 2,000 residential units
    • 300,000 square feet of retail
    • 500 hotel rooms
  • Developer’s Agreement pending signature with Baltimore City Department of Public Works.
  • Proposed BRAC Zone infrastructure improvements:
    • Transportation Access Improvements:
      • Russell Street/MD295 Ramp and Intersection upgrade
      • Annapolis Road Bridge over MD295
      • Annapolis Road, Waterview Road and Maisel Street Bridges
      • Kent Street Improvements
      • MARC Camden Line Station Feasibility Study
    • Other Zone funded activities – marketing and planning of project.
  • Taxing increment Financing (TIF) District established.  Incremental real estate property taxes would be designated for repayment of bonds.
  • Developer: Turner Development, Carlyle Group, Joseph Haskins  
  • Projected Construction:         
    • Office                        3,230,390 square feet
    • Residential             1,782,560 square feet
    • Retail                           237,050 square feet
    • Hotel                            250,000 square feet
    • TOTAL                      5,500,000 square feet

 


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