Baltimore Officials Reach Deal With Port Covington Developer
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Wcbm
City officials say they have reached an extensive community benefits agreement with the developer of the massive Port Covington project, doubling the amount of housing for lower-income people that was originally proposed, and requiring that more local workers be hired.
Councilman Carl Stokes said Wednesday that the agreement clears the way for the City Council committee he leads to sign off on a public financing package for the development as early as Thursday.
The deal would allow Under Armour CEO Kevin Plank‘s Sagamore Development Co. to use $660 million in taxpayer-backed bonds to pay for roads, parks, utilities and other infrastructure.
