Caves Valley Partners said today it is terminating its agreement to renovate the Cross Street Market after weeks of controversy and community irritation over the developer’s plans to remove the current merchants.

The agreement – approved by former Mayor Stephanie Rawlings-Blake and the Board of Estimates last November – will lapse on March 1.

The new mayor, Catherine Pugh, responded to the developer’s withdrawal by vowing to get the renovation back on track.

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