East Baltimore’s Crown Cork and Seal campus will become part of a 40-acre development district that’s aiming to draw $500 million worth of capital investments, under City Council legislation that was introduced on Monday.
City Council member Mark Parker introduced a bill that would designate the campus part of a Tax Increment Financing (TIF) zone known as the Crown Cork & Seal Development District.
The designation will help pave the way for $500 million in capital investments in the district, which includes the 16.8-acre Crown Cork & Seal property, whose principal address is 4425 Eastern Avenue, and two warehouses at 4301 and 4315 Eastern Avenue…