Baltimore County Council approves $78M for Tradepoint Atlantic infrastructure
The Baltimore County Council unanimously approved a $78 million grant Monday night to fund infrastructure at the 3,100-acre Tradepoint Atlantic development.
The deal is a shift from the $150 million tax increment financing request Tradepoint had proposed earlier this year. Under the grant, $34 million would go toward road construction and up to $44 million would pay for water and sewer extensions at the former Sparrows Point steel mill site in Dundalk.
"This is such an important project for Sparrows Point, Dundalk and eastern Baltimore County," said Will Anderson, Baltimore County economic development chair, in testimony before the council during its regular meeting in Towson. "We want jobs back at the Point, and employers to provide them, and we need infrastructure there to get the jobs."
The grant package received the endorsement of newly-elected County Executive John Olszewski Jr. earlier in the day. Olszewski negotiated additional items into the deal: A public park and a requirement for 20 percent minority and woman-owned business participation in the work.
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