De­vel­oper to pay for city deputy mayor to travel to China to seek in­vestors

Baltimore Sun - - MARYLAND WORLD -

Colin Tarbert, Bal­ti­more’s deputy mayor for eco­nomic de­vel­op­ment, plans to travel to China this week to at­tract for­eign in­vest­ment to Bal­ti­more. Madi­son Mar­quette, the Wash­ing­ton-based firm which is de­vel­op­ing the 1 Light Street project in down­town Bal­ti­more, is paying for Tarbert’s trip, ac­cord­ing to city doc­u­ments. Madi­son Mar­quette is seek­ing for­eign in­vest­ment for its de­vel­op­ment plans in Bal­ti­more. From Thurs­day un­til Nov. 8, Tarbert will travel to Shang­hai and Bei­jing to seek in­vest­ment through the fed­eral EB-5 pro­gram for im­mi­grant in­vestors, said An­thony Mc­Carthy, a spokesman for Mayor Stephanie Rawl­ings-Blake. “Colin will be pre­sent­ing in­for­ma­tion on Bal­ti­more’s econ­omy (re­gional and lo­cal), the City’s poli­cies to en­cour­age growth and in­vest­ment such as tax credit pro­grams, and the City pro­grams specif­i­cally avail­able for the One Light Street project,” Mc­Carthy said in an email. The trip will not cost tax­pay­ers any money, ac­cord­ing to city doc­u­ments. De­vel­op­ment of 1 Light Street has been dis­cussed for decades. The latest ver­sion of the project shows a glassy tower that would rise 28 sto­ries, five fewer than pro­posed last year.

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