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The city of Baltimore wants to give $1 million to Harborplace developer

December 22, 2022

The city of Baltimore said in legal filings that it wants to give $1 million to the private developer that will soon own the troubled Harborplace in the Inner Harbor, making good on comments made by Mayor Brandon Scott earlier this year. In a May speech to the Downtown Partnership, Scott said his administration would commit $1 million to David Bramble, whose firm MCB Real Estate has spent months lining up the purchase of Harborplace. The twin mall-like pavilions have been losing money for years under out-of-state ownership. As restaurants and stores fled, Harborplace defaulted on a $76 million loan in 2019 and fell into receivership, a legal process typically used to avoid bankruptcy.

Article Source: Baltimore Sun

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