AGP Executive Report
Last update: 4 hours agoMajor Development: Prince George’s County approved up to $215 million in public financing for a 6,000-seat Sphere at National Harbor. The $1.4 billion project is projected to generate $1.5 billion in statewide economic impact and $63 million a year in local taxes. Baltimore Real Estate: Developer Mark Sapperstein has an agreement to buy about 90 acres of undeveloped Baltimore Peninsula land from Bank OZK. He says plans will include townhomes, though details are still under wraps. Business Permitting: Maryland has soft-launched a one-stop permitting portal ahead of a January deadline, aiming to streamline approvals for residents and businesses. Energy Investment: The U.S. Energy Department offered Constellation up to $5 billion in financing for upgrades at nuclear plants, including facilities in Maryland, to increase generation. Maritime Growth: Gov. Wes Moore created a task force to advance Maryland’s shipbuilding and port industries.
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