Maryland to Issue $1.04 Billion In Tax-Exempt GOs
Maryland will hold a competitive sale of $1.036 billion of tax-exempt state general obligation bonds to finance capital projects including those involving schools, community colleges, universities and hospitals.
Port Covington Pushes for $660M Bond Deal
The developers of Baltimore's Port Covington project have spent more than $1 million on an ad campaign to boost public support for a $660 million bond deal. The bonds would be repaid through revenue generated by a TIF district.
SEED Program Approves Incentives for 13 MD Businesses
The Baltimore Gas and Electric Company's Smart Energy Economic Development Program has approved incentives for 13 businesses, resulting in up to 1,100 new planned jobs. To qualify for the program, businesses must add electric and/or natural gas load to BGE's system and create new full-time employment.
Project Developer in MD County Reports TIF, EB-5 Plans
Walton Westphalia Development Corporation announced that it intends to pursue EB-5 and tax increment finance to aid in the development of the 310-acre Westphalia Property. The corporation has also requested extensions to its senior loan and mezzanine loan.
Harbor Point Project Wins Approval for Second TIF Bond Sale Amid Cost Overruns
Baltimore's Board of Finance voted in a special meeting to approve the sale of $36.8 million in TIF bonds for Harbor Point. The amount of the second sale of TIF bonds was $24.7 million higher than originally agreed because of cost overruns at the project, particularly in infrastructure installation.
Purple Line P3 Contract Garners BBB-Plus from S&P
Almost $1.2 billion of debt dedicated to Maryland's Purple Line light rail public-private partnership project has garnered a BBB-plus from S&P Global Ratings thanks to a contractual arrangement that transfers construction and operational risks to highly rated counterparties.
Energy Investment Partnerships: Product Offerings & Market Assessment
Factsheet 2 of the Energy Investment Partnerships covers clean energy through bond markets, credit enhancements and capital markets, property assessed clean energy, and market assessment.
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