Baltimore Checkbook

Here's what's next for Sagamore's $535M Port...

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A $535 million public financing reques t unveiled Wednesday by Sagamore Development Co. LLC for a massive Port Covington development has been met with both interest and question. If passed, the tax increment financing, or TIF, request would be among the largest in the U.S., said Joan Youngman, a TIF expert at the Lincoln Institute of Land Policy in Cambridge, Mass. It could also weigh down the city’s bond rating because the TIF bonds — public bonds sold to private investors to raise money to…

8 things you need to know this morning

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Good morning, and another beautiful Thursday to you. I hope you enjoyed the weather yesterday, because it’ll be the same today — temperatures in the low 70s all day and sunny. The city is loving the warmer weather. The Inner Harbor has been packed every day this week, and trees are already starting to bloom. Here are eight things you need to know to get your day started. Remember those mountains of snow that the city dumped in the parking lot of M&T Bank Stadium? It’s going to cost Baltimore.…

T. Rowe Price Foundation donating $1.3M to West...

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The T. Rowe Price Foundation is pledging its largest-ever commitment to a series of West Baltimore initiatives in a series of grants coming after last year’s unrest. The foundation plans to announce Thursday grants totaling $1.3 million over three years for several West Baltimore efforts. The pledge represents the single-largest commitment in the 35-year history of the foundation, which is the charitable arm of Baltimore-based money manager T. Rowe Price Group Inc. (NASDAQ: TROW), eclipsing previous…

This Columbia startup has a solution to make your...

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Chad Baker knows Amoxicillin tastes nasty and getting your five-year old to gulp it down is going to be a battle. For years, FlavoRx Inc., where Baker is senior vice president of chain pharmacy, has been supplying pharmacies with the tools they need to suppress the nastiness with kid-friendly flavors like cherry, grape and strawberry. Now the Columbia firm and its partner company, California-based Fillmaster Systems, are debuting an automated liquid prescription filling — and flavoring — machine.…

Is trade really killing middle class jobs?

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Bernie Sanders and Donald Trump agree on one thing: They say trade is killing the American Dream. And Washington is to blame. Both candidates strongly denounce the nation’s trade policy, saying it’s shrinking the middle class and costing Americans jo…



from http://www.wbaltv.com/money/is-trade-really-killing-middle-class-jobs/38429156

As many as 139 Jos. A. Bank stores are closing

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Well over 100 Jos A. Bank stores are expected to close in 2016 as its parent company struggles to stop a loss in sales. The closures are part of a move by Tailored Brands to close 250 stores this year, including 80 to 90 full-line Jos. A. Bank stores and all 49 Jos. A. Bank outlet stores. The remaining stores to be shuttered fall under the Men’s Wearhouse outlet and MW Tux banners. The Jos. A. Bank stores will be shut down because they have been judged to have little potential to improve profits,…

Maryland lowers revenue projections following weak...

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Weak holiday sales left Maryland’s budget experts writing down 2017 revenue projections by $60.6 million Wednesday. The state Board of Revenue Estimates cut its projections for the state’s fiscal year 2017 collections to $17.02 billion. The entire $60.6 million decrease was due to a significant cut in expected sales and use tax collection growth. Sales taxes are unlikely to grow as fast as previously anticipated, Comptroller Peter Franchot said in a statement. Lackluster wage growth and a stagnant…

Deals on restaurants, hotels and attractions...

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In addition to restaurants and vendors setting up booths at Light City, others nearby will offer deals to festival-goers throughout the event.

From March 28-April 3, restaurants, retailers, hotels and attractions in and around Baltimore are offering discounts and freebies. A round-up of deals is…

YES Network: Doubtful we'll be back on Comcast

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The YES Network doesn’t expect to return to Comcast’s cable lineup anytime soon. And certainly not in time for the Yankees’ Opening Day on April 4.



from http://www.wbaltv.com/money/yes-network-doubtful-well-be-back-on-comcast/38425078

Elon Musk denies plotting against Donald Trump

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Elon Musk isn’t plotting to take down Donald Trump.



from http://www.wbaltv.com/money/elon-musk-denies-plotting-against-donald-trump/38425412