Wells Fargo has made a $500,000 commitment to support the city’s new revitalization program. The “Front and Center Plan,” spearheaded by the Central Baltimore Partnership, will target community and economic development in Charles North, Greenmount West, Barclay and other underserved neighborhoods. The plan focuses on tackling challenges such as employment, business development and housing in those neighborhoods. Read more at Baltimore Business Journal.
Maryland will guide $1 million toward renovations at Cecil County’s Fair Hill Natural Resources Management Area in preparation for a planned equestrian showcase. The U.S. Equestrian Federation in 2017 selected the state park as the permanent location to hold the international event. The state sport commission estimates the as-yet-unnamed event could inject $20 million to $30 million into Maryland’s economy. Read more at The Baltimore Sun.
Business leaders in Baltimore have voiced their support for additional toll lanes in the metro area’s roadways. The Greater Washington Partnership, which includes businesses from D.C. and Baltimore, stated in a position paper issued May 15 that the group supports toll projects already planned by the state. The group said these projects could mitigate traffic on I-95 and the Capital Beltway and alleviate the cost of traffic jams to Baltimore commuters. Read more at Next City.org.
Downtown Baltimore is experiencing an increase in smaller residential buildings that contrast with the high-end apartment development of the last few years. Developers have begun converting old commercial spaces into affordable residences geared toward professionals who want to be closer to jobs, restaurants and entertainment. The Downtown Partnership of Baltimore has said that the area has the potential to hold approximately 7,000 residential units. Read more at The Baltimore Sun.