A $1.8 billion waterfront development was approved for $107 million in tax increment financing bonds by a Baltimore City Council committee over the objections of a number of protesters at City Hall. Several business and labor groups say the 27-acre mixed-use Harbor Point project will be an economic engine for the city. "This is about jobs," said Rod Easter, president of Baltimore Building & Construction Trades. "Do we have another developer that, right now, is willing to put 7,000 construction jobs forward? This is not just a Harbor Point project. This is a Baltimore City project." The full City Council still needs to approve the incentive package.

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