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The $5.5 billion Port Covington project is dependent on city authorization of bonding to build public infrastructure facilities on the site, with increased property taxes on the development paying for the bonds. (Courtesy Sagamore Development Co.)
The $5.5 billion Port Covington project is dependent on city authorization of bonding to build public infrastructure facilities on the site, with increased property taxes on the development paying for the bonds. (Courtesy Sagamore Development Co.)

Port Covington public financing proposal on fast track

Baltimore’s Board of Finance could vote to give an important approval for $535 million in public financing for Port Covington in April. On Monday, the Board of Finance received its first briefing on the tax increment financing proposal. The board is the entity that would vote to send the proposal to the City Council, which gives ...

About Adam Bednar

Adam Bednar covers real estate and development for The Daily Record.

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