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Baltimore officials call costs to move Moran Towing ‘extraordinary’ |
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Thursday, 01 October 2009 11:58 |
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ROBBIE WHELAN
Daily Record Business Writer
September 30, 2009 7:11 PM
Baltimore officials decided to pay $300,000 to relocate a tugboat company from Fells Point’s Recreation Pier because the moving costs were “extraordinary,” the city’s housing commissioner said Wednesday.
Moran Towing Co., the tugboat company located on the city’s Recreation Pier, will relocate to 1820 S. Clinton St. in Canton, after the city and a developer agreed to pay the company $300,000 each to cover relocation expenses.
Details of the company’s relocation were revealed at Wednesday’s meeting of the city’s spending panel, the Board of Estimates, where the board voted to authorize city funds to pay for the company’s move.
Walter Horton, the city’s chief real estate officer, questioned whether the city should have to pay anything to relocate the company to make way for a proposed Aloft hotel, which would be built by developer J. Joseph Clarke and H&S Properties Development Corp..
“The LDA obligates the developer to make payments for all costs…We’re wondering why we need to be making payments,” Horton told the board, referring to a January 2008 land disposition agreement between the city and the developers.
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Last Updated on Sunday, 01 November 2009 17:29 |
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