Baltimore Checkbook

City Council is one step away from granting $660M...

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Hours of contentious debate, thorough review and negotiation over terms for a $660 million tax incentive request by Sagamore Development for its Port Covington project ended in relative harmony Monday night in a packed City Council chamber. Sagamore’s quest for a tax increment financing package to help install infrastructure at its South Baltimore development was approved on second reader by a majority of the 14-member council. A final vote is set for next Monday and ground is expected to be broken…

Here's the 38-page Port Covington community...

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The Baltimore Business Journal has obtained a copy of the 38-page community benefits agreement between the city and Sagamore Development, the company behind the plan to redevelop 266 acres at Port Covington in South Baltimore. The agreement, called historic and groundbreaking by Sagamore, city officials and activists involved in forging it, has been only seen by those involved. A seven-page summary sheet on the $135.9 million citywide benefits agreement was released on Sept. 9. The city’s Board…

JPMorgan's Jamie Dimon: I'd love to be president

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Is JPMorgan Chase CEO Jamie Dimon the next Donald Trump?



from http://www.wbaltv.com/money/jpmorgans-jamie-dimon-id-love-to-be-president-but/41632266

Trump tells Baltimore crowd: Clinton 'looks down...

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Donald Trump went on the offensive in Baltimore on Monday, attacking rival Hillary Clinton for comments she made over the weekend calling at least half of the Republican nominee’s supporters “deplorables”. Speaking to more than more than 2,000 U.S. Army and Air Guard officers at the National Guard of the United States annual conference at the Baltimore Convention Center, Trump, delivered few details as he promised to support and rebuild the American military. Instead, he spent a majority of his…

Maryland health exchange chief stepping down

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The head of the Maryland Health Benefit Exchange is stepping down later this month to become a deputy in the state’s attorney general’s office. Carolyn A. Quattrocki, who has been executive director since June 2014, will depart Sept. 27. The Maryland Health Benefit Exchange administers Maryland Health Connection, the state’s health insurance marketplace operating under Affordable Care Act, which serves about one of every six Marylanders, or 1.1 million people. Quattrocki has held the top job at…

Manchester United's $761 million revenue sets...

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Manchester United may have lost its most recent match, but the fact that it set a new world record for revenue may lessen the blow.



from http://www.wbaltv.com/money/manchester-uniteds-761-million-revenue-sets-world-soccer-record/41630216

Hanover-based Eyewitness Surveillance lands...

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Hanover-based remote video monitoring company Eyewitness Surveillance has secured another investment from private equity firm LLR Partners. Philadelphia-based LLR Partners was the sole investor in the round, the size of which was not disclosed. Eyewitness Surveillance landed a $15 million line of credit last year from Chicago-based The PrivateBank to help with the company’s expansion efforts. Launched in 2004, Eyewitness specializes in remote interactive monitoring systems designed to prevent theft…

Donald Trump visits Baltimore: Supporters,...

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There’s no question that American voters are divided heading into November’s general election. But Monday, there was a physical divide between the two sides: Charles Street. Activists both for and against Republican presidential nominee Donald Trump lined up along the heavily trafficked street downtown to voice their opinions. Trump was in town to address the National Guard Association of the United States’ conference at the Baltimore Convention Center. On the eastern side of the street, anti-Trump…

Is the September stock swoon already over?

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September is historically the worst (and most volatile) month of the year for the stocks. Will that be the case this year too?



from http://www.wbaltv.com/money/is-the-september-stock-swoon-already-over/41629946

Nissan recall: Park away from buildings if this...

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Nissan is recalling 120,000 cars because of fire risk — and warning drivers to park away from buildings if there’s trouble.



from http://www.wbaltv.com/money/nissan-recall-park-away-from-buildings-if-this-happens/41629810