The massive redevelopment of the Sparrows Point steel mill in Baltimore County will need up to $150 million in tax increment financing assistance to help build new roads and infrastructure, the developer says.
Tradepoint Atlantic officials said they are planning to push for the TIF approval from the Baltimore County Council in the coming months. The TIF would be funded through the sale of private bonds that are repaid to investors through diverted property tax revenue over a period of decades. The…
