Wednesday, May 22, 2024 | Baltimore, MD

Stokes & Walters: The problem with Baltimore’s ‘TIF’ strategy

May 15, 2022

As legendary heroes go, Robin Hood is as popular as any. Who can be against robbing from the rich to give to the poor? Unfortunately, for too long Baltimore has been using a redevelopment strategy that does the opposite: We frequently punish the poor and working-class while privileging the well-connected and well-to-do. The latest example is a proposal to create a “downtown TIF district” to rescue that area from decline. For readers not up on the latest urban renewal jargon, “tax increment financing” involves giving developers a big subsidy on their upfront project costs.

Article Source: Baltimore Sun

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