State se­na­tors tour Port Cov­ing­ton re­de­vel­op­ment

Baltimore Sun - - NATION & WORLD - — Natalie Sher­man

Sag­amore De­vel­op­ment hosted a group of state se­na­tors, in­clud­ing Se­nate Pres­i­dent Thomas V. Mike Miller, for a tour of Un­der Ar­mour CEO Kevin Plank’s mas­sive Port Cov­ing­ton re­de­vel­op­ment Thurs­day, as the search for fund­ing to re­al­ize the $5.5 bil­lion mixed-use project starts to move be­yond the city. Rep­re­sen­ta­tives of Sag­amore and Un­der Ar­mour briefed mem­bers of the Se­nate Bud­get and Tax­a­tion Com­mit­tee on the plans and showed off City Garage and other parts of the site. Bal­ti­more last month agreed to float a record $660 mil­lion in bonds to pay for streets, util­i­ties and parks on the South Bal­ti­more site. Sag­amore, Plank’s pri­vate real es­tate firm, ex­pects to seek more than $500 mil­lion in state and fed­eral fund­ing for in­fras­truc­ture in the area, where Plank plans a new Un­der Ar­mour cam­pus, plus as much as 14 mil­lion square feet of ad­di­tional de­vel­op­ment.

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