December 5 // Realtors say tax bill will hurt Maryland housing prices from 10-20%

According to the NAR, homeowners in New Jersey, Connecticut, Illinois, New Hampshire, Maryland, Rhode Island, Virginia, Wisconsin, Georgia, Minnesota, New York, Ohio, Pennsylvania, and Texas (in order of sharpest decline with New Jersey most impacted) would see the sharpest dives. Estimated drops range from 10% on the low end to 21% at the high end. (Forbes)

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Kamenetz proposes more than $40 million in county aid for Towson Row

Baltimore County Executive Kevin Kamenetz has proposed giving nearly $43 million to the developers behind the long-stalled Towson Row in downtown Towson to jump-start the project. The county would give the money to developers Greenberg Gibbons and Caves Valley Partners over the next five years. The money would be repaid via the real estate and hotel taxes generated by the project over the next 20 years. (Balt. Sun)

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Under Armour's chief digital officer is departing the company

Under Armour Inc.'s top digital executive is departing the company as the sportswear maker continues to refine its focus amid a restructuring plan. Michael Lee, chief digital officer or Baltimore-based Under Armour, and his brother Albert Lee, will leave in January. Paul Fipps, the company's chief technology officer, will now oversee Under Armour's connected fitness and digital offerings. The company is also bringing on former Yahoo executive Michael La Guardia as a senior vice president overseeing digital products. (Balt. Bus. Journal)

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Baltimore Gas & Electric Co. seeks approval for $963 million pipeline improvement program

Baltimore Gas and Electric Co. is seeking approval from the state’s Public Service Commission for a $963 million pipeline improvement program. The five-year plan to upgrade the region’s natural gas system would begin in 2019 and would be paid for partially by a customer surcharge, if approved by the commission. (Balt. Sun)

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Chesapeake Bayhawks' Arundel stadium may cost up to $190M

The Chesapeake Bayhawks' vision of building an expansive sports complex on the grounds of the former Crownsville Hospital Center in Anne Arundel County could cost between $170 million and $190 million to realize, Bayhawks President Mark Burdett said Monday. The Annapolis-based Major League Lacrosse team unveiled plans last week for a three-phase project that would eventually bring a 10,000-seat stadium, 20 sports fields, restaurants and more to the site of the shuttered psychiatric hospital located about 8 miles northwest of Maryland's capital city. (Balt. Bus. Journal)

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New industrial laundry facility that will employ 400 opens in East Baltimore

Up To Date Laundry, a Baltimore-based commercial laundry operation that cleans sheets, doctors' scrubs and other linens for many of the area's major health care systems, celebrated the opening of a new facility that doubles its capacity in Hollander Business Park. The new East Baltimore facility gives Up To Date Laundry an additional 72 million pounds of processing capacity and the company plans to add 400 new jobs once it’s completely built out in five years. (Balt. Sun)

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Polaris Alpha to hire 100 workers

Defense contractor Polaris Alpha has more than doubled the size of its Aberdeen Proving Ground office and plans to hire 100 people, including at least 50 people in Maryland. Polaris develops technology and security solutions for defense and intelligence clients and is growing because of increased spending by its federal clients, including the U.S. Army, said Polaris CEO Peter Cannito. (Balt. Sun)

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Hampstead off-track betting site wins final approval

An initially controversial off-track betting site in Hampstead received final approval by the Maryland Racing Commission during a Nov. 29 hearing. This new site will operate in a portion of the Greenmount Station restaurant building, and will be connected to the restaurant, according to owner Chris Richards, but will be operated by the Maryland Jockey Club. (Carr. Co. Times)

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