Stokes Delays Vote on Port Covington Financing, Leaving Deal in Temporary Limbo
by
Wcbm
A City Council committee unexpectedly stopped short Thursday night of approving $660 million in bonds for the Port Covington development, hours after the developer announced a $100 million community benefits agreement with city officials and activists.
The agreement was widely expected to ensure passage of the public financing plan, which would be used to pay for project infrastructure. Supporters say the development would bring thousands of jobs to Baltimore.
But after approving two of three necessary bills, City Councilman Carl Stokes, chairman of the economic development committee, abruptly called the meeting to a close without explanation.
