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Exclusive: Hilton Baltimore dipping into tax revenue to pay debt
The Hilton Baltimore will likely take about $1 million from hotel tax revenue it generates to cover its bond payments this year.
The $305 million city-owned hotel has struggled to pay its debt since it opened during the recession in 2008. Controversial from its inception for being a publicly financed hotel, it continues to raise questions about its viability in a tough hotel market. A new fiscal report even cited the property as a potential economic burden on the city.
Baltimore Finance Director…
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