2008 BRAC Update CITY OF BALTIMORE

2008 BRAC Update BDC and Live Baltimore, on behalf of Baltimore City, has fully participated in regional efforts City has participated in numerous missions to Fort Monmouth City has participated in every C4ISR Joint Symposium since BRAC decision was announced City has hosted five residential bus tours, three of which included an overnight component – 800 people have attended City is dedicated to the BRAC residential relocation effort through its “go live” date in September 2011 Baltimore Regional Efforts for BRAC

2008 BRAC Update City BRAC Homebuying Incentives $6,500 Baltimore City BRAC Homeownership Incentive

2008 BRAC Update C4ISR employee zip code relocation data over last two years indicates that residential estimates were accurate 61 employees have located to Baltimore City – or 2.5% of workforce Largest concentration of employees reside in downtown area stretching through Fells Point and Canton Fort Meade BRAC impact on Baltimore City was minimal due to proximity of DISA existing location Aberdeen BRAC impact on City – up to this point – has only been residential BRAC Residential Impacts on Baltimore

2008 BRAC Update November 2010 Welcomed all BRAC-relocated individuals/families to housewarming event for a family who purchased home in Upper Fells Point. Event featured the Mayor and State representatives Recent Residential Marketing Efforts

2008 BRAC Update February 2011 City hosted a commuter happy hour to inform recently relocated residents of various commuting options. More than 30people attended and expressed interest in car and vanpool options and MARC train service Recent Residential Marketing Efforts

2008 BRAC Update September 2011 Live Baltimore will host a BRAC-oriented Buying into Baltimore program for any employees completing the relocation process for the initial stage of BRAC Recent Residential Marketing Efforts

2008 BRAC Update Baltimore City was excited about growth prospects of BRAC Estimates regarding job growth and residential impact were conservative Combined BRAC base effect could be great and Fort Meade’s BRAC impact would be greater on City than Aberdeen’s impact given distance Fort Meade BRAC impact on Baltimore City was minimal due to proximity of DISA existing location Aberdeen BRAC impact on City – up to this point – has only been residential BRAC Growth Impacts on Baltimore

2008 BRAC Update Defense contractors’ reluctance to “leave the nest” Defense contractors’ reluctance to locate far from client City remains confident that it will ultimately gain from BRAC through specific initiatives that are currently underway Challenges and Opportunities of BRAC-related Development in City

2008 BRAC Update Local Economy has Weathered the Recession Baltimore has been continually recognized by national publications as a location to weather the storm Institutions such as government employers and universities are “recession-proof” or those that grow in down economies Increase in downtown office vacancy has created a renter’s market – seeing increased levels of prospect activity due to unique real estate opportunities available for the first time City has primed the bulb for several developments that will cost over $4 billion Other Development in Baltimore

2008 BRAC Update Baltimore Grand Prix this September Billion dollar expansion at Johns Hopkins Hospital Harbor Point development – 27-acre waterfront mixed use development - $150 million TIF Westport Waterfront development – 42-acre mixed use development - $110 million TIF State Center development – government-oriented mixed use development Major announcements regarding biotech, cybersecurity, and IT sectors coming City exploring creation of downtown TIF district What’s Next in Baltimore City?