Baltimore City Mayor Brandon M. Scott and the Baltimore Public Markets Corporation have pledged to invest $4.9 million of Baltimore City’s American Rescue Plan Act (ARPA) funding to complete the redevelopment of the nearly 240-year-old Lexington Market.
The funds will assist in securing more than 45 vendors for the market. The Mayor has prioritized diversifying the market’s vendors- the merchant mix of the new Lexington Market increases Black ownership from 5% to nearly 50% and increases female ownership to 50%. Mayor Scott discussed the significance of the ARPA investment in a press release:
“We want to redevelop and modernize Baltimore’s iconic Lexington Market without leaving behind the minority businesses that made the old Lexington Market truly special,” said Mayor Scott. “These funds are going directly to vendors to help us reach the finish line for opening this uniquely Baltimore destination this summer while ensuring that minority businesses are put at the center of our work to grow the downtown economy.”
Visitors can find more information about the Transform Lexington Market project at www.transformlexington.com. The Market’s new building is currently under construction, while its East Market building remains open Monday-Saturday with 40+ vendors, including the renowned Faidley’s Seafood.