Multi-Million Dollar Redevelopment Project Headed by Plank Seeks Government Funds

Multi-Million Dollar Redevelopment Project Headed by Plank Seeks Government Funds

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If you listen to the radio or watch TV, chances are, you’ve heard the new ads that have been running that talk about Port Covington. Port Covington, a neighborhood revitalization project that is slated to home the Under Armour headquarters, is a 266 acre plot of land on the water. This week, the Sagamore Development (owned by Under Armour CEO Kevin Plank) requested $535 million from the Baltimore Development Corporation (BDC). Additionally, the project will require $573.6 million in state and federal funding, and $327.7 of Sagamore’s own funds initially.

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Read the article on the Baltimore Business Journal here.