The Board of Estimates today deferred until at least 2019 a $2 million payment for city land sold for a new Howard Park supermarket.
The city has reached an agreement with Klein’s Family Markets to build a ShopRite on the site of a former Super Pride store on the 4600 block of Liberty Heights Avenue.
Under terms disclosed Monday, Klein’s Liberty Heights Shopping Center LLC won’t pay the $2 million purchase price for the six acres of city land until the eighth-year anniversary of the settlement date. Interest payments would also be deferred.
The city recently allotted $1,030,286 to prepare the site for the new supermarket (including demolishing the present Super Pride building) and $134,875 to help relocate the owner of an existing tavern. It has committed a further $500,000 for employee training.
The Baltimore Development Corp., which negotiated the deal, said the project would produce 150 construction-related jobs, 80 full-time store jobs and $310,000 in city taxes per year.
The abandoned Super Pride store has been a blight on the northwest Baltimore community for more than a decade. Luring a quality grocery store there has been a priority of the Rawlings-Blake administration.
The Klein family operates seven ShopRites in Maryland. At a meeting last Friday, Marshall Klein said the new store would be their largest and would include community meeting rooms, a nurse practitioner clinic, pharmacy and possibly a social services center.
The store is slated to open early in 2013.