Here's what's next for Sagamore's $535M Port Covington TIF request

A $535 million public financing reques t unveiled Wednesday by Sagamore Development Co. LLC for a massive Port Covington development has been met with both interest and question. If passed, the tax increment financing, or TIF, request would be among the largest in the U.S., said Joan Youngman, a TIF expert at the Lincoln Institute of Land Policy in Cambridge, Mass. It could also weigh down the city’s bond rating because the TIF bonds — public bonds sold to private investors to raise money to…

from http://www.bizjournals.com/baltimore/blog/real-estate/2016/03/heres-whats-next-for-sagamores-535m-port-covington.html
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