In 2008, construction was completed on the 757-room Baltimore Hilton, a $305 million publicly-funded hotel spearheaded by Baltimore’s mayor at the time, Martin O’Malley. The hotel, in seven years of operation, has never turned a profit. The best year of operation saw a $2.9 million loss.
“It’s the biggest boondoggle ever. It’s hemorrhaging money every year and has less-than-stellar performance,” Democratic Maryland state Sen. James Brochin told The Daily Caller.
Originally intended to draw revenue from a supposed untapped convention market in Baltimore, the Hilton Hotel project slowly began losing money when conventions passed on Baltimore for other locations such as Austin, Texas and nearby Washington, D.C.
In July 2005, more than three years after the plan was finalized, it was still facing opposition in the city council. Of the 15 council members, only three said they believed the hotel would actually help the city . . .
After O’Malley pushed the hotel vote to pass with the council, The Sun reported that this, the “costliest public project in Baltimore history” may see the fate of other cities’ failed publicly funded hotel ventures, such as St. Louis, Omaha, and Overland Park, Kan., “all cities that used public money to build hotels. Failing hotels.” (Read more from “O’Malley Pushed for Publicly Funded Hotel That Has Been Hemorrhaging Money” HERE)