Business

A new city hall in College Park, Maryland, built in collaboration with the University of Maryland (UMD), is attracting attention for more reasons than its appealing design. The 100,000-square-foot building, pending LEED Gold certification, serves as a centerpiece of the City’s downtown as College Park becomes a more vibrant, diverse and walkable community.

Elon Musk is beginning mass layoffs at Twitter, sharply reducing the company’s workforce of 7,500 and kicking off his wholesale overhaul of the company. An email went out to the company’s employees late Thursday notifying employees of plans to cut jobs, informing them that by 9 a.m. Pacific time Friday, workers would receive an email with the subject line: “Your Role at Twitter.”

Sinclair Broadcast Group Inc. turned a profit in the third quarter on the strength of record political advertising even as core advertising fell amid economic uncertainty. The Hunt Valley-based media company saw its profit rise 10% to $21 million or 32 cents a share, compared to $19 million or 25 cents a share in the year-ago period. Excluding adjustments, Sinclair recorded a profit of $25 million. The earnings beat analysts’ estimates of 15 cents a share, according to Yahoo Finance.

Dan and Tanya Snyder, owners of the NFL’s Washington Commanders, announced Wednesday they have retained BofA Securities, a division of Charlotte, North Carolina’s Bank of America Corp. (NYSE: BAC), to consider “potential transactions” involving the team. It was not clear in the statement if the Snyders are pursuing an all-out sale or just a stake in the franchise, which Dan Snyder purchased in 1999 for $800 million.

Changes sought in Baltimore City’s Middle East community under an ambitious $1.8 billion redevelopment plan over 20 years ago have so far brought mixed results. A report by the nonprofit research firm Urban Institute found the project to reshape 88 acres in the neighborhood by the East Baltimore Development Inc., or EBDI, has succeeded on some fronts, but also fallen short of its original goals to upgrade the community with 1,500 new affordable and market-rate housing units, lower poverty levels in the area and add more new residents with at least a bachelor’s degree. The report found, though, that the EBDI area had recorded higher rents for apartment units since 2011. The 62-page report was released on Wednesday. It recommended further study of the large-scale redevelopment in the coming years to measure its success.

A California-based discount grocer will move into the Baltimore market in the spring, taking over a shuttered Giant, Baltimore County officials said Tuesday. Grocery Outlet Bargain Market will open in the Liberty Road corridor, which has been without a supermarket since Giant closed in 2018. Grocery Outlet opened its first Maryland location in Hagerstown. The vacant supermarket in the Milford Mill Shopping Center at Liberty and Milford Mill roads will be partially demolished and renovated. Baltimore County will provide $2 million for site redevelopment through a revolving loan fund and the American Rescue Plan Act. The support includes $1.4 million from the loan fund and $600,000 in federal funds.

Plans to convert a portion of the Notre Dame of Maryland University campus into a senior living complex are moving forward with construction expected to begin in early 2024. Baltimore-based Brightview Senior Living officials said on Monday the development will be the company’s first in the city and will hold 171 apartment homes offering independent living, assisted living and memory care services. It is expected to open by 2026. The complex, which was first announced in 2020, will add to 23-year-old Brightview’s portfolio of 45 senior living communities in eight states. The private senior living chain already has five senior living developments in Greater Baltimore in Catonsville, Annapolis, Crofton, Edgewater and Severna Park. The move comes amid other changes in the works at Notre Dame.