Housing Slowdown Impacts Baltimore's Rebirth

The housing bubble helped the city spur redevelopment of its central core. With the downturn, officials wonder if Baltimore can hold onto the progress it made towards revitalization.

1 minute read

October 5, 2007, 10:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera


"As home sales dry up, tax revenues fade, foreclosures have surged, hiring is down and a new caution is inhibiting activity.

"I don't see a recession mentality," said Atwood Collins III, executive vice president of the M&T Bank Corporation, who complains that the national media are amplifying the bad news. "But you would have to be deaf, dumb and blind not to be a little infected by what is being said."

How broadly the infection will spread is still not clear. By no means is every metropolitan area around the country experiencing similar problems. Even in Baltimore there are strengths. The port is thriving from trade. Financial services companies are strong, and the federal government is channeling money into medical research and to companies that locate here, having won contracts with the National Security Agency, headquartered nearby.

But the fallout from the housing downturn is already showing up as a setback in this struggling city's effort to reinvent itself as a robust commercial center, one in which a spruced up and rebuilt downtown has attracted new residents, particularly young people, as well as more office workers."

Thursday, October 4, 2007 in The New York Times

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Aerial view of town of Wailuku in Maui, Hawaii with mountains in background against cloudy sunset sky.

Maui's Vacation Rental Debate Turns Ugly

Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

July 1, 2025 - Honolulu Civil Beat

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 2, 2025 - Diana Ionescu

Map of Haussmann's redesign of Paris in the 1850s through 1870s under Napoleon III.

In Urban Planning, AI Prompting Could be the New Design Thinking

Creativity has long been key to great urban design. What if we see AI as our new creative partner?

June 30, 2025 - Tom Sanchez

Street with parking protected bike lane and parked cars in downtown Portland, Oregon.

Portland Raises Parking Fees to Pay for Street Maintenance

The city is struggling to bridge a massive budget gap at the Bureau of Transportation, which largely depleted its reserves during the Civd-19 pandemic.

July 8 - Willamette Week

Aerial view of Spokane, Washington with river in foreground.

Spokane Mayor Introduces Housing Reforms Package

Mayor Lisa Brown’s proposals include deferring or waiving some development fees to encourage more affordable housing development.

July 8 - The Spokesman-Review

Close-up on black and white "Bike Lane Ends" sign with bike logo.

Houston Mayor Kills Another Bike Lane

The mayor rejected a proposed bike lane in the Montrose district in keeping with his pledge to maintain car lanes.

July 8 - Houston Public Media

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.

Associate/Senior Planner

Gallatin County Department of Planning & Community Development

Senior Planner

Heyer Gruel & Associates PA