August 14 // Three groups appeal city's decision on Eastport project

Three separate parties involved in a controversial Eastport project have filed appeals contesting the city's decision on the development's residential size. Baltimore-based Solstice Partners filed its appeal Friday, after a city decision determined its project, The Lofts at Eastport Landing, would have to reduce the number of apartment units it could build. Their appeal is one of three, with the other two filed by an Eastport citizens group and an alderman. All of those appeals go before the city's Board of Appeals. (Capital)

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Ready or not, Maryland marijuana firms face big deadline

Maryland’s beleaguered medical marijuana industry faces a critical deadline Monday, when companies the state has selected to grow the plant are required to be operational. Those that are not ready risk losing their lucrative licenses. Already, marijuana regulators are under pressure from powerful state lawmakers to leave companies that can’t meet the deadline behind. (Balt. Sun)

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Sagamore: Port Covington pushing ahead despite Under Armour slowdown

In the vision of Under Armour CEO Kevin Plank, a new headquarters campus for the athletic apparel brand anchors the gleaming new mini-city on the Patapsco River he’s planning at Port Covington. But since Plank announced the massive project and secured $660 million in public financing for it, the fortunes of the Baltimore-based company have dipped. It’s posting losses amid slowing sales growth, and cutting two percent of its global workforce as part of a corporate “reset.” Its stock price is less than half what it was a year ago, making Plank’s deep pockets significantly more shallow. (Balt. Sun)

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Marriott meets with community before filing development application for headquarters project

Bethesda residents on Thursday night praised vibrant renderings of a gleaming, new headquarters for Marriott International and a flagship hotel that would stand next door along Woodmont Avenue. But a number of people who met with the project partners ended the evening asking, What's in it for us? Well, the 22-story office building will bring Marriott’s 3,500 employees—and their wallets—to the downtown area, project representatives said. (Bethesda)

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Legg Mason Tower in Harbor East sells for record price

The sale price of the Legg Mason Tower in Harbor East has finally posted — and it's a record-breaking whopper. The modern, 24-story glass building at 100 International Dr. fetched $165 million when CBRE Global Investors Ltd. closed on the deal Jan. 31, records show. That parses out to $481 per square foot, shattering real estate sales records in the city and resulting in the a historic per-square-foot price for an office building in Baltimore. (Balt. Bus. Journal)

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Kamenetz: Caves Valley has 30 days to mediate new plan for Towson corner

Baltimore County Executive Kevin Kamenetz is setting a 30-day deadline for a developer to meet with residents and devise a new proposal — likely without a gas station — for a high-profile site in downtown Towson. Kamenetz said Friday that officials with Caves Valley Partners have agreed to meet with neighbors to consider a new proposal for the corner of York Road and Bosley Avenue after residents opposed plans for a Royal Farms convenience store and gas station and a retail center. (Balt. Sun)

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Tax free shopping week underway in Maryland

Maryland’s annual tax free shopping week is underway ahead of the new school year. The week was enacted by the legislature in 2007, as a way to help retailers and consumers. From now through Saturday, qualified clothing and footwear priced $100 or less is exempt from the state’s 6-percent sales tax.  As of this year, the first $40 of the cost of a book bag or backpack is also exempt from sales tax. (WBAL-radio)

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Casino adds $3 million to county coffers

Revenue generated by slot machines at Rocky Gap Casino Resort have contributed nearly $3 million to a fund that benefits educational efforts and other services in Allegany County. That figure constitutes the largest private donations ever to Allegany County, officials said, and represents revenue distributed by Rocky Gap since the casino’s opening in fiscal year 2014. (Times-News)

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