Wednesday, October 23, 2024 | Baltimore, MD
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Impact of the virus on the world economy
As pandemic abates in Montgomery, business leaders renew warnings over slowing economy

As coronavirus infections continue to plummet in vaccine-eager Montgomery County, attention is returning to some of the suburb’s pre-pandemic woes, including its sluggish economy. The affluent, well-educated county has lost thousands of high-paying jobs to neighboring jurisdictions since 2007, says a report commissioned by business leaders and set to release Friday morning.

Conversion of Latrobe Building in Mt. Vernon moves forward with liquor license for restaurant

The redevelopment of Mount Vernon’s Latrobe Building into a trendy boutique hotel includes plans for a full-service restaurant. The restaurant, which has a working name of “The Tulip Room,” “will be an upscale restaurant offering, breakfast, lunch and dinner service as well as room service to the hotel’s guests,” Justin Williams, an attorney for the project, told city liquor board commissioners. The soon-to-be hotel was approved for a liquor license Thursday.

South Baltimore’s Westport waterfront mixed-use project could break ground within year as developer sells parcels

Construction could begin within a year on a planned 1,300-unit waterfront community in the South Baltimore neighborhood of Westport after the developer agreed to sell parcels to town house and apartment builders. Stonewall Capital, based in Sparks, finalized its planned purchase Friday of 43 acres along the Middle Branch of the Patapsco River. The property was sold by Westport Property Investments, an entity controlled by the real estate firm of Under Armour founder Kevin Plank, for an as yet undisclosed amount.

Read More: Baltimore Sun
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T. Rowe Price exec expects ‘economic boom unlike anything we’ve seen in some time’

Top investment executives at T. Rowe Price Group Inc. have high expectations for the global economy in the second half of the year and 2022 as economies across the world continue to recover from the Covid-19 pandemic. Vaccine progress, pent-up consumer demand and continued stimulus “should help sustain above-average growth” well into next year, said Robert Sharps, president of T. Rowe Price and head of investment, in the Baltimore-based money manager’s annual mid-year market outlook report. T. Rowe Price manages $1.59 trillion in assets as of May 31.

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13. The Bigger Picture (Part 2) with Marc Weller, Marc Broady, and Mike Middleton

On episode 13 of The Conference Call, Damian continues his conversation with Marc Weller and  Marc Broady of Weller Development, and Cherry Hill’s own Mike Middleton to get at the root value of partnership, and what that means for community health, impact, and legacy. Join us for a conversation about Marc Weller’s vision for creating lasting change in Baltimore and creating spaces that draw people to the city. Then we’ll hear what  Mike Middleton sees as positive changes spreading outward from Port Covington.

Baltimore’s Royal Farms Arena to be overhauled by developer with ties to the NBA’s Kevin Durant

Royal Farms Arena, the aging downtown Baltimore events venue, would be renovated, leased and managed by a global entertainment and investment company with ties to basketball star Kevin Durant under a deal being negotiated by Baltimore Development Corp. The city’s economic development arm planned to make the agreement with the Los Angeles-based Oak View Group public Wednesday, after months of soliciting bids to redevelop the arena. A call for proposals went out in November.

Read More: Baltimore Sun
This was captured well waiting for the doctor who was busy at the time
UM UCH to celebrate construction progress of Aberdeen medical campus site

University of Maryland Upper Chesapeake Health (UM UCH) has scheduled a topping off ceremony at Leidos Field at Ripken Stadium June 24 at 5 p.m. to celebrate the vertical construction progress on the new Aberdeen medical campus site. Ceremony participants, including UM UCH leaders and board members, Aberdeen Mayor Patrick McGrady and members of Erdman, the project’s design and construction team, will attend a brief ceremony to sign a steel beam, a tradition for new construction.

Local design team plans to rehab former Fells Point Library 19 into community space

Baltimore architects Pavlina Ilieva and Kuo Pao Lian have had their eye on Library No. 19 for more than a decade. The former Enoch Pratt Free Library branch sits on a quiet, residential block of Fells Point, near to where they live and work. After years of watching the building fall into vacancy and disrepair, Ilieva and Lian’s architecture design firm, PI.KL Studio, has been selected by Baltimore’s Department of Housing and Community Development (DHCD) to revive the property at 606-610 S. Ann St. in Fells Point.

Former Raven Trevor Pryce expands his media company in East Baltimore

Former Raven Trevor Pryce is trying to bring a little bit of Hollywood to East Baltimore with the creation of an animation studio that could eventually employ 300 people. Pryce’s Outlook OVFX media company just signed a deal to expand its footprint in Broadway East by 26,000 square feet and soon will occupy three buildings there. “We have an opportunity here to build a Burbank East,” Pryce said on Wednesday.

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Baltimore Sun furloughs gave him time to rethink everything, including his job

Sameer Rao knew the furloughs were coming, but he had to ask around to learn he was one of two Baltimore Sun reporters with the longest of them — a total of six weeks. Maybe it was his beat — arts reporting was tough during the shutdown. Maybe it was his experience and salary — both more than some younger colleagues. Maybe it was him? He asked and got no real answers. But honestly, Rao was also kind of burnt out — with the lack of transparency about the future of the Sun, then still owned by Tribune and being stalked by hedge fund Alden Global Capital, which now owns it and recently offered buyouts; with watching his colleagues and friends take buyouts or leave for other jobs; with the pace and with the pay.

Read More: Poynter

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