Friday, November 15, 2024 | Baltimore, MD
FOLLOW US:

Business

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.

Crop black businesswoman reading newspaper near modern building
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
Brown firewood
‘We’re in the fog of war’: Soaring lumber prices are contributing to rising home costs in Maryland and beyond

A literal building block for housing, lumber serves as the foundation for everything from homes to mid-rise apartment buildings. Yet the coronavirus pandemic, which disrupted social norms, routines and the economy, also stalled the supply of lumber just as demand for new housing and home improvements surged — and the market has yet to catch up. As a result, lumber is scarce and, in a classic case of supply and demand, prices more than doubled in the past year.

Read More: Baltimore Sun
Baltimore’s WYPR to acquire Towson radio station WTMD for $3 million

Baltimore’s top public radio outlet has acquired a beloved regional peer known for amplifying local music on the air and through live events. Old Goucher-based WYPR, residing at 88.1 FM on the airwaves, on Friday announced its plans to acquire WTMD 89.7 FM from Towson University, owner of the station since 2014. WTMD general manager Scott Mullins confirmed a report from WYPR that the sale price is $3 million, to be financed in part by donor contributions and loans.

Mt. Washington Pediatric Hospital debuts outpatient center after $6M update, expansion

Baltimore’s Mt. Washington Pediatric Hospital has completed a roughly $5 million expansion of its outpatient center, to accommodate huge growth in patient demand. The Rosenberg Outpatient Center first opened on the MWPH campus in 2000. It was two stories, about 15,000 square feet and cost about $3 million to build.

GET ME OUT OF HERE!

After a year spent staring at the same four walls of the home office, where the biggest trip on the agenda was running errands at the grocery store, many of us are ready to head out of town. Somewhere, anywhere. As more people get vaccinated, travel restrictions lift and Covid-19 infections fall, Americans are increasingly feeling ready to book a getaway.

The SBA’s $28.6B Restaurant Revitalization Fund needs more money. Help could be on the way.

The Small Business Administration’s Restaurant Revitalization Fund has more than $75 billion in applications and only $28.6 billion in funding — but help could be on the way. Sen. Ben Cardin, D-Md., chairman of the Senate’s small Business Committee, said in a hearing Wednesday featuring SBA Administrator Isabel Guzman that the Senate’s leadership is mulling over fresh legislation for the program, including more funding. The grant program has received more than 362,000 applications since opening earlier in May.

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.