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Authority discusses budget, Security Square Mall work and hiring priorities; $750,000 capital and $500,000 operating on hand
Summary
Board members discussed near-term budget choices, Redgate's ongoing Security Square Mall work (supported by $30 million), and hiring an executive director; staff reported $750,000 in capital and $500,000 in operating funds are available to the authority.
Board members at the Baltimore County Redevelopment Authority meeting discussed near-term budget priorities, the status of ongoing redevelopment work at Security Square Mall, and plans for hiring an executive director and initial staff.
Tucker (county staff) told the board that current authority balances include $750,000 in capital and $500,000 in operating funds. He also briefed members on the county's Security Square Mall effort: Redgate (the county's implementation consultant) remains under contract, the total Security Square funding pot is $30,000,000 (split $15,000,000 state, $15,000,000 county), and the county has expended about $23,350,000 on three separate acquisitions tied to that effort.
Members said those facts affect how the authority should prioritize expenditures. Several members urged formation…
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