Randallstown CDC explores development, market study for Security Square property

The West Baltimore County Redevelopment Authority convened on March 24, 2025, to discuss various aspects of ongoing redevelopment efforts in the area. The meeting focused on funding allocations, property acquisitions, and market studies essential for future development.

The meeting began with a financial overview, highlighting a total funding pool of $30 million, split evenly between state and county contributions. Of this, $15 million has been earmarked for property acquisitions, with $23.35 million already allocated to three specific acquisitions. The discussion included the role of Regate, a consulting firm, which is receiving a small fee for their services.

Attention then shifted to Randallstown, where a Community Development Corporation (CDC) is active. It was noted that the CDC currently has no immediate plans for property acquisitions. Instead, their focus is on collaborating with existing property owners to enhance current developments and assist in tenant placement for vacant properties.

The conversation also addressed the need for an updated market study for the East End of Liberty Road. A member raised the question of whether existing capital budget funds could be utilized for this purpose. It was clarified that Regate is contracted specifically for a market study related to the Security Square property, which encompasses 88 acres. This study is distinct from the broader 13-mile catchment area covered by the redevelopment authority.

The board members expressed the importance of a market study to better understand the area’s potential and to support future marketing efforts. While there was no immediate decision made regarding the use of capital funds for this study, the board acknowledged the value of such research as they work to establish their priorities and strategies moving forward.

In conclusion, the meeting underscored the ongoing efforts to revitalize West Baltimore County, with a clear focus on collaboration, strategic planning, and informed decision-making regarding property development and market analysis. Further discussions and follow-up actions are anticipated as the authority continues to navigate the complexities of redevelopment in the region.