Guidelines limit Kingsley Park profits

Published March 14, 2007 4:00am ET



If the government-initiated redevelopment of Essex?s once-blighted Kingsley Park apartments is going to be a moneymaker, Baltimore County is going to have to chip in a little more, officials said Tuesday.

The county is negotiating a contract with Enterprise Homes and the Mark Building company, the only team to submit a proposal for the development project considered a test of County Executive Jim Smith?s flagship “renaissance” initiative for aging Beltway communities. But the Baltimore-based company couldn?t design a profitable model under stringent federal regulations and needs the county?s help, county spokesman Don Mohler said.

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