Governor Larry Hogan today participated in a groundbreaking ceremony marking the start of redevelopment of Baltimore’s historic Lexington Market, the longest operating public market in America. The governor was joined by Maryland Department of Housing and Community Development Secretary Kenneth C. Holt, Maryland Department of General Services Secretary Ellington Churchill, Jr., city officials, development partners, and local stakeholders.
“The State of Maryland needs a strong Baltimore City, which is why our administration has been fighting for dramatic change here,” said Governor Hogan. “Today we are making our latest investment in the city with the redevelopment of this historic Lexington Market, which is another step in the revitalization and transformation of this city, and just one more way that we are continuing to change Maryland for the better.”
The state has committed $6.85 million to the redevelopment of Lexington Market, including capital grants through bond bills authorized in the previous four Maryland General Assembly sessions and, most recently, a bridge loan through the Maryland Department of Housing and Community Development’s Neighborhood BusinessWorks program, announced in January.
“Neighborhood BusinessWorks traditionally provides gap financing to new or expanding small businesses, and it has been an incredibly effective program,” said Secretary Holt. “We are always looking to grow the program, and recently we have looked for more creative ways to use its resources, like this bridge loan, to support large, truly transformative projects like Lexington Market.”
“Renovations to Lexington Market will benefit local businesses and the surrounding community,” said Secretary Churchill. “Our team looks forward to working with the project stakeholders to administer the state’s capital grant funds to help modernize the facility.”