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📅 Today's Story: Baltimore plans to reshape its historic waterfront with over $3 billion in mixed-use developments over 231.5 acres. Key projects will blend historic preservation with modern living. The in-progress redevelopment has already led to higher population growth and lower crime.
MIXED-USE
Baltimore's Historic Waterfront Undergoes $3B Transformation |
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The 231.5-acre waterfront revitalization push is a prime example of successful P3s. (Source: Getty)
📰 What Happened: Baltimore is investing over $3 billion in the redevelopment of its historic waterfront. Key projects, such as Harbor Point, Baltimore Peninsula, and Harborplace, are revitalizing 231.5 acres of prime waterfront real estate, transforming brownfields into mixed-use spaces that blend preservation with modern living.
🔍 A Closer Look:
⇢ The redevelopment of Harbor Point, including a $1 billion investment, is turning a former industrial site into residential, office, and recreational spaces.
⇢ The Baltimore Peninsula project is fueling a $1.1 billion, 177-acre expansion, including Under Armour’s new global headquarters.
⇢ The $900 million Harborplace redevelopment will restore a historic retail hub with modern amenities.
⇢ Rash Field Park's ongoing $34.8 million transformation adds green spaces and recreation areas, fostering community engagement.
🧠 Why It Matters: These waterfront developments exemplify how public-private partnerships can successfully transform urban spaces, elevating Baltimore into a potential national urban revitalization model. Incredibly, the waterfront redevelopment is already driving measurable population growth and lower crime across the city.
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