BioPark Development Deal Gets Initial Nod from City Council

An Aerial View of the BioPark at the University of Maryland

A new incubator at the University of Maryland BioPark appears one step closer to reality.

The deal, which would provide public financing to help construct a new BioPark building, got initial approval from the City Council on Wednesday.

Records state the $17.5 million tax increment financing (TIF) deal for the building was previously recommended by the Council’s Taxation, Finance and Economic Development committee.

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