Baltimore’s glitzy Harbor East is built on a foundation of tax breaks subsidized by the local taxpayers of a city struggling with poverty, crime, and a devastating lack of affordable housing.
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It’s a world unto itself, seemingly far removed from the David Simon-conjured Wire-fied landscape of a failed city beset by corruption, drug dealing, and over policing: An upscale bubble that offers a gleaming rebuke to the naysayers who deem Baltimore a dysfunctional city of a dwindling population and violent crime.
But it’s a success story that comes with a hefty, less obviously apparent, asterisk. Harbor East is, in some sense, a taxpayer-bolstered paradise.
Based on the findings of our nearly year-long investigation into how Harbor East came to be, this shining city within the city is a success story heavily dependent upon public subsidies to an extent that has not previously been reported. It is a waterfront oasis fueled by dozens of tax breaks and incentives, built and sustained by tens of millions of dollars in city money.
read more: https://therealnews.com/baltimore-touts-equality-so-why-did-it-lavish-tens-of-millions-in-tax-breaks-on-a-single-development-harbor-east