Plank’s TIF will hurt schools

Baltimore Sun - - MARYLAND VOICES - Katie Riback, Bal­ti­more

Kevin Plank brings up a good point when he asks us to con­sider “our chil­dren and their chil­dren” and how will they look back on the de­ci­sion on whether or not to build Port Cov­ing­ton and see if we “chose the best course” (“Kevin Plank’s pitch,” Sept. 8). He is ad­vo­cat­ing that the City Coun­cil ap­prove a $660 mil­lion tax in­cre­ment fi­nanc­ing plan to help fi­nance his Port Cov­ing­ton project.

This TIF will in­crease the city’s as­sess­able tax base with­out in­creas­ing tax rev­enues, thereby af­fect­ing state fund­ing for Bal­ti­more schools for the next 30 years. While some “fixes” for this prob­lem have been pro­posed, they are of short du­ra­tion and are not truly bind­ing on Sag­amore De­vel­op­ment. If we are think­ing of our chil­dren, as Mr. Plank sug­gests, we should not sup­port Port Cov­ing­ton.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.