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Baltimore Street Redevelopment Funding Gap Continues to Narrow; CEDC Awarded 500K State Grant

January 27th, 2021 by WCBC Radio

The Cumberland Economic Development Corporation announced Tuesday that the funding gap for the proposed Baltimore Street Redevelopment project is continuing to shrink and that a late summer/early fall groundbreaking remains the goal. The project, which has been met with several delays, is estimated to cost $9.6 million and includes replacing underground utility lines and reinstalling Baltimore Street through the pedestrian mall. CEDC executive director Matt Miller, during the regular monthly meeting, said that $500,000 for the project is included by way of a grant in the state’s preliminary capital budget. That would bring the total amount of committed funds to more than $8.2 million…