News
Baltimore Commercial Real Estate

BDC Approves Sagamore's $535M Public Financing

Baltimore Development Corp, Baltimore's economic development arm, has approved $535M in tax increment financing to pay for infrastructure for Sagamore Development's Port Covington, the Baltimore Sun reports. Under Armour CEO Kevin Plank's real estate company is planning residences, retail, a whiskey distillery, parks and the future home of the sportswear giant on more than 200 acres in Port Covington and has requested public financing to pay for sewer, utilities and bike paths. Baltimore's Department of Finance and the Baltimore City Council will review the plan next. [Sun]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Baltimore Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building