Cordish Presents Baltimore Plan

Cordish Cos. and another prominent Baltimore developer have eyes on the construction of a $450 million arena development on the city’s inner harbor to replace the aging .

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in Baltimore, Md. 

Cordish and the Paterakis family would partner on the building, which would reportedly feature a 15,000 capacity and be situated between Cordish’s Power Plant Live and the Paterakis’ Harbor East.

“We love our hometown and see a once-in-a-generation opportunity to create an iconic waterfront arena that would be a game-changing project for the city,” Blake Cordish told the Baltimore Sun.

The arena plan would include an outdoor amphitheater and a pedestrian walkway on the inner harbor, the Sun said. It appears the developers could be making plans a little too soon, however.

City officials told the paper “it’s way too early to make any evaluations,” and a spokesman for the mayor’s office added in a statement, “we are still interested in the arena project, but would only issue [a request for proposals] if we believe there is financial viability in the marketplace. To date, we have not seen that level of viability, but as the economy continues to improve, it is something BDC will continue to evaluate.”

Though the city previously put out a request for proposals to build a new arena years ago, the project lacked funding and eventually failed. Funding and potential traffic issues continue to be concerns, the city said.