Millions Of Tax Credits Awarded For Historic Buildings In Baltimore City, County
By WMAR2NEWS
Posted on 11/01/22
| News Source: WMAR2NEWS
The state of Maryland is giving more than $12.4 million in tax credits to revitalize historic buildings in Baltimore City and County. That's composed of $11.6 million for the city, and about $914,000 for the county.
The credits include $5 million toward the Fidelity Building on Charles Street downtown, and $2.5 million to rebuild a vacant property on Harford Road near Grindon Avenue in Lauraville called the Markley Building.
It's part of an award from the Maryland Historical Trust, which is giving a total of more than $19 million in revitalization tax credits to 16 projects statewide.
Awards for Baltimore City include:
- $5 million to turn the Fidelity Building high-rise on North Charles Street to a commercial and residential space (estimated total cost of $45 million)
- $2.5 million to turn the vacant Markley Building on Harford Road in Lauraville into "a mix of retail and office space for locally-owned shops, artisans, and eateries." (estimated total cost of $10 million)
- $2.1 million to turn the Ford Building, on West Baltimore Street in the Union Square-Hollins Market area, into "a mixed-use live-work art center" with retail and homes for "workers, entrepreneurs, and artists." (estimated total cost of $10.5 million)
- $1.8 million to turn Upton Mansion on West Lanvale Street into a home for Afro Charities and research center for the AFRO American Newspaper Archives (total estimated cost of $7.2 million)
- $181,287.29 to turn the former Heinz Riverside Abbattoir slaughterhouse on South Light Street into a mixed-use food hall, market, and office space (total estimated cost of $8.3 million)