The Maryland Department of Housing and Community Development today announced the Pikesville Armory Foundation has received $15 million in Fiscal Year 2025 Catalytic Revitalization Tax Credits for the redevelopment of Baltimore County’s historic Pikesville Armory into an arts-infused intergenerational community hub. The Catalytic Revitalization Tax Credit program is designed to fill financing gaps between the cost of rehabilitation and the market-rate value of the redeveloped property. The tax credit supports the rehabilitation and renovation of properties formerly owned by the State of Maryland or the federal government, including colleges or universities, public schools, hospitals and mental health facilities, and military facilities or installations. Built in 1903, the 14-acre Pikesville Armory was used as an active military campus by the National Guard before being decommissioned in 2016. The revitalized site will host public green space, indoor and outdoor recreation, art spaces, intergenerational multidisciplinary programming, playgrounds, cafés, makerspace, veterans’ services, small businesses, school-based job development, and will be the site of a future housing development. Ground was broken on the project in January 2024 and is projected to be completed in 2028. For more information on the Catalytic Revitalization Tax Credit program, visit: https://lnkd.in/eHBW6NQN
Really cool way to ultilize this space!
Great stuff! Congratulations to all involved