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Best Clash of the Titans

Angelos vs. Paterakis

Photo: Dave Plunkert, License: N/A

Dave Plunkert

Best Clash of the Titans: Angelos vs. Paterakis


On one side, the aging emperor of asbestos litigation, a man heavily invested in Baltimore’s traditional downtown core—and the Orioles baseball team. On the other side, the breadwinner who parlayed an east-side baking empire into a real-estate colossus that has shifted the city’s fulcrum south and east and has spurred even newer development by a younger upstart. Peter Angelos has quietly directed (or maybe just inspired) the criticism against the myriad tax breaks and special deals for Harbor Point, the future home of Exelon Corp.’s promised Baltimore headquarters and the natural extension of John Paterakis’ Harbor East. And while Paterakis is no longer the controlling interest behind the billion-dollar Harbor Point project, the man who is—Michael Beatty—cut his development teeth in Paterakis’ shadow. Greek gods are as powerful as they are inscrutable, and Baltimore can only hope that they won’t be as capricious, cruel, and tragic as the myths suggest.

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