In January 2016, a four-year partnership between the Maryland Department of Housing and Community Development, the Maryland Stadium Authority, and the Baltimore City Department of Housing and Community Development to demolish thousands of vacant buildings to serve as the catalyst for redevelopment, reinvestment, and stabilization in Baltimore was announced. Project Creating Opportunities for Renewal and Enterprise - or Project C.O.R.E. - is the name of this initiative.
Under Project C.O.R.E., the State has committed to invest $75 million and the City has committed to contribute $18.5 million to demolish as many blighted properties as possible over four years, focusing on half- and whole-blocks of blight in order to maximize neighborhood impact. This program will also fund the stabilization of selected properties for future rehabilitation and redevelopment. Additionally, the State has committed to leverage an estimated $600 million through existing programs to encourage new investment in challenged communities.
Maryland Stadium Authority, Maryland State Government, City of Baltimore Government