The Rawlings-Blake administration on Monday introduced a series of bills before the Baltimore City Council to authorize a special tax district and float $660 million in bonds for Under Armour CEO Kevin Plank’s massive Port Covington development in South Baltimore.
City Council President Bernard C. “Jack” Young said he was bullish about the project, but wants to see Plank make certain deals with nearby communities before approving the subsidies. Young called plans for the project “wonderful” and said he believed it could transform Baltimore into a Los Angeles of the East Coast.
“We want to see inclusionary housing, affordable housing in there,” Young said. “We want to see certified apprenticeship programs. We want to make sure minorities have a stake in Port Covington. I think this is going to be a catalyst to put the city on the level of, I’ll say, L.A. It’ll be a destination. This is going to spur growth of the city.”
The deal would be the largest tax-increment-financing project in Baltimore’s history.
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