Sagamore Development requests $535M TIF for Port Covington

Sagamore Development Co. LLC — the real estate arm of Under Armour Inc. CEO Kevin Plank — is requesting $535 million in tax increment financing from Baltimore City for the massive 266-acre redevelopment of Port Covington. The financing would help pay for the project’s infrastructure, including roads, sewers, 40 acres of public park land, bike paths and 17 streets. The TIF would cover work needed to overhaul the aging Hanover Street Bridge, which sits at the foot of Port Covington in South…

from http://www.bizjournals.com/baltimore/blog/real-estate/2016/03/sagamore-development-requests-535m-tif-for-port.html
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