Kevin Plank's $60M hotel plan for Rec Pier draws strong support in Fells Point

The Fells Point Residents Association on Wednesday voted unanimously to support Under Armour Inc. CEO Kevin Plank's Fells Point Recreation Pier redevelopment after members reacted enthusiastically to a presentation indicating the project could be completed within three years. That three-year timeframe would start upon acquisition of the property from Beatty Development Group LLC, but the transaction is contingent upon the city agreeing to relax its rules about extending the waterfront promenade around the century-old pier. (Balt. Bus. Journal)

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Royal Farms decision delayed for Annapolis' City Dock

The long-debated question of the difference between a delicatessen and a convenience store remains unanswered — at least for now. The Annapolis Board of Appeals Tuesday night delayed any decision regarding the proposed Royal Farms at City Dock, allowing developers to provide more information to the city’s Department of Planning and Zoning. (Capital)

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Maryland sells $736.8M in bonds

The Board of Public Works on Wednesday sold general obligation bonds valued at more than $736.8 million. There were three separate series of bonds: $450 million of tax-exempt bonds; $50 million of taxable bonds; and $236,855,000 of tax-exempt re-funding bonds. (Daily Record)

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Harford bonds get top ratings ahead of $40 million sale on March 11

Harford County government announced it has received top ratings from the nation's three major municipal bond rating agencies in advance of a $40 million bond sale scheduled for March 11. Standard & Poor's Ratings Services informed the county Tuesday it had upgraded Harford's rating to AAA from AA+, according to a county announcement. (Aegis)

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Bill would triple cap for catastrophic harm

Legislation to triple Maryland’s statutory cap on non-economic damages in civil cases for “catastrophic” injuries drew strong support Wednesday from plaintiffs’ attorneys, who called it just, and condemnation from defense lawyers and hospitals who said the higher potential recovery will come at the cost of patient care and higher consumer costs. (Daily Record)

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March 5 // Affordable housing still elusive

There’s demand for affordable housing in Baltimore — but finding the people to build it is difficult. Experts say that’s partly because federal support is declining for this segment of the market, which covers a broad spectrum of below-market-rate developments, from housing for teachers, police and firefighters to government-subsidized housing for the homeless. But they also say it’s hard to find the expertise to put together the funding to make it possible. (Daily Record)

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Bill would create guidelines for Uber, Lyft

They're not your traditional cabs, in fact, they're not cabs at all. Companies like Uber and Lyft are smartphone application-based, meaning you can request, track, and even pay for the transportation using their app on your phone. But traditional cab companies say if they're going to join in the transportation market, they need to follow the same guidelines across the board. "The taxi companies say, 'We have to do all these burdens and regulations, so should they.' I think that's the wrong approach. I think we should say, 'Are these regulations really protecting consumers and if not, why do we have them?'" said Sen. Bill Ferguson (D-Baltimore City). (WMAR-TV)

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Legg Mason to acquire QS Investors

Legg Mason Inc. has agreed to acquire QS Investors, a New York-based investment firm with $4.1 billion in assets under management and nearly $100 billion in assets under advisory. Financial terms of the deal, announced Tuesday, were not disclosed. The Baltimore-based money management firm said it plans to integrate its Batterymarch Financial Management and Legg Mason Global Asset Allocation divisions over time into QS Investors. (Balt. Sun)

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