BDC board of directors approves Sagamore Development's $535M TIF request

A request for a $535 million tax subsidy for infrastructure at a massive redevelopment of Port Covington was unanimously approved Thursday morning by the Baltimore Development Corp.’s board. “The board made a recommendation to move forward with the process,” said William H. “Bill” Cole IV, CEO of the BDC. “There’s still the (city) Board of Finance to consider it and the only body that can approve this is the City Council. So this is the first step in the process.” The BDC first received the record-breaking…

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