We're happy to report, that the GREEN HOUSE® Campaign now has $5.6 million of the required $14 million needed to make the project a reality. It was a huge victory getting the capital funding allocation from the State, but it isn't the end of the road -- it's really just the "take off".
The new funds should greatly enhance our applications for $3.9 million in New Markets Tax Credits and major dollar requests to the France-Merrick Foundation and the Harry and Jeannette Weinberg Foundation later this year.
In the meantime - some bad news to share - the Abell Foundation turned down our request for $150,000 toward predevelopment expenses for the Green House and Village Center we have proposed for the final development parcel at Stadium Place, citing "the current economic climate...has made it impossible for the Foundation to honor all worthy projects."
Any ideas or efforts on your part to identify possible funding sources are welcome!
Wednesday, April 22, 2009
Tuesday, April 14, 2009
A Passover thought
On the heels of our happy news of yesterday I thought I would share a thought I came upon in preparation for my family Passover seder. I believe it nicely summarizes the philosophy behind GEDCO at large, and the Green House in particular.
It was written by Chief Rabbi Sir Jonathan Sacks of the UK: "When we share our bread with others, we have taken the first step from affliction to freedom. Sharing our vulnerabilities, we discover strength. Reaching out to others, giving help to the needy, food to the hungry, and companionship to those who are alone, we bring the Divine presence into the world, and with it human solidarity, which is the beginning of freedom."
Happy holidays!
It was written by Chief Rabbi Sir Jonathan Sacks of the UK: "When we share our bread with others, we have taken the first step from affliction to freedom. Sharing our vulnerabilities, we discover strength. Reaching out to others, giving help to the needy, food to the hungry, and companionship to those who are alone, we bring the Divine presence into the world, and with it human solidarity, which is the beginning of freedom."
Happy holidays!
Monday, April 13, 2009
The news we've been waiting for!
On the heels of Easter and in the middle of Passover what more joy could there be?
Well for those of us in the GEDCO communities – we have just received confirmation that the Governors request for $4.5 million in state capital funding for the Green House at Stadium Place has been approved! For confirmation view the official report.
Of course this great news brings with it a tremendous responsibility to all of us to see that the project is developed and operated successfully, and a debt of gratitude to Governor O'Malley, members of the 43rd District, and many others who helped make this a reality.
Thanks to all for helping us get this far – we'll need you to stick with us to see this all the way through!
Enjoy the day and get ready for a ground breaking!
Well for those of us in the GEDCO communities – we have just received confirmation that the Governors request for $4.5 million in state capital funding for the Green House at Stadium Place has been approved! For confirmation view the official report.
Of course this great news brings with it a tremendous responsibility to all of us to see that the project is developed and operated successfully, and a debt of gratitude to Governor O'Malley, members of the 43rd District, and many others who helped make this a reality.
Thanks to all for helping us get this far – we'll need you to stick with us to see this all the way through!
Enjoy the day and get ready for a ground breaking!
Wednesday, April 8, 2009
Professional football and the Green House at Stadium Place?
Just came back from lunch with former baltimore Colt and NFL Hall of Famer Lenny Moore. Mr. Moore has been a supporter and admirer of GEDCO's work at Stadium Place ( redevelopment of Memorial Stadium, the site of his "glory days") for the last few years.
He has too much personal experience with nursing homes, and is intrigued by the idea of helping us make some connections to the Ravens and/or the NFL to help make our project a reality. Can't do anything between now and the NFL draft (late April), but this may be the first page in another real interesting chapter of the story of the development of Stadium Place.
He has too much personal experience with nursing homes, and is intrigued by the idea of helping us make some connections to the Ravens and/or the NFL to help make our project a reality. Can't do anything between now and the NFL draft (late April), but this may be the first page in another real interesting chapter of the story of the development of Stadium Place.
Keep your fingers crossed
The Maryland House of Delegates and Senate are in budget conference right now! They have both seperately approved the capital funding for our Green House at Stadium Place, but are working through final cuts and compromises. What a ride this is - Visit back on Monday and I'll let you know the outcome.
Happy holidays to all!
Happy holidays to all!
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