Subsidizing the Low Road: Economic ... - Good Jobs First

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Good Jobs Firstwww.goodjobsfirst.org1311 L Street NWWashington, DC 20005202-626-3780Good Jobs First is a national non-profit resource center promoting best practicesin state and local economic development. It was founded in 1998 by Greg LeRoy,author of No More Candy Store: States and Cities Making Job Subsidies Accountable.ii
Table of ContentsAcknowledgments…………………………………………...……………………………ivExecutive Summary…….………………………………………………………………….v1. Revitalizing Downtown: A History of Economic Development in Baltimore…...……12. The State of Economic Development Today………………………………………….93. How Baltimore Finances Economic Development………………………………...…164. The Economic Development Decision-Making Process in Baltimore……………….225. An Evaluation of Baltimore’s Economic Development Strategy………………….…256. Case Study: The Baltimore Waterfront Marriott……………………………………317. Case Study: Additional Payments in Lieu of Taxes (PILOT) Deals………………..…368. Case Study: The Orioles and Ravens Deals……………………………………….…389. Case Study: East Baltimore Biotechnology Park………………………………….…4410. Conclusion………………………………………………………………………..…50iii
Page 1: Subsidizing the Low Road:Economic D
Page 5 and 6: Executive SummaryAn analysis of Bal
Page 7 and 8: of packages. The BDC evaluates prop
Page 9: 1. Revitalizing Downtown: A History
Page 18 and 19: the agenda was the city's acquisiti
Page 20 and 21: Baltimore Management Corporation (E
Page 22 and 23: Table 3. Major BDC Projects Approve
Page 24: 3. How Baltimore Finances Economic
Page 27: While promoting development, TIF co
Page 30 and 31: 4. The Economic Development Decisio
Page 32 and 33: • whether the project would provi
Page 34 and 35: The real question, however, in eval
Page 36 and 37: to alleviate poverty if job quality
Page 38 and 39: Committee. 130 The Committee focuse
Page 40 and 41: emained skeptical. George Williams,
Page 42 and 43: Effect on State Aid. The state dist
Page 44 and 45: 7. Case Study: Additional Payments
Page 46 and 47: 8. Case Study: The Orioles and Rave
Page 48 and 49: The Ravens RoostWhile the Orioles w
Page 50 and 51: Soon after Modell agreed to move hi
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9. Case Study: East Baltimore Biote
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However, the city may well be overe
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will allow Johns Hopkins to expand
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10. ConclusionBaltimore’s massive
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Wage standards could be pegged to t
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34 Hula, 1990.35 Thomson, 2001.36 L
Page 64 and 65:
103 Levine, 1987a.104 Levine, 2000
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167 Baltimore Development Corporati
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