The proposal includes $78 million in county assistance to help Tradepoint Atlantic build infrastructure — roads, water lines and sewer pipes — for the redevelopment of the former steel mill at Sparrows Point.
The Baltimore Sun reports:
Under the proposal — and pending approval by the Baltimore County Council and county executive-elect Johnny Olszewski Jr. — Tradepoint would bear the up-front cost of building the infrastructure, then seek reimbursement from the county. The reimbursement for the water and sewer work would be capped at $44 million, and the road work would be capped at $34 million.
The article notes that negotiations between the county and Tradepoint began with the late County Executive Kevin Kamenetz and were continued by current County Executive Mohler. County Executive-Elect Johnny Olszewski has been briefed on the proposal. If he moves forward with the proposal, it would have a public hearing in front of the County Council on December 11 and be up for a vote on December 17.
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