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Tag Archives: councilman carl stokes

Port Covington TIF session delayed as negotiations continue (access required)

Sagamore Development Co., which is seeking $660 million in public financing to redevelop Port Covington, and activists opposed to the deal will have more time to negotiate an agreement. The final work session for a Baltimore City Council committee reviewing the ...

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Port Covington public hearings nearing a climax (access required)

The Baltimore City Council committee reviewing legislation to grant Sagamore Development Co. public financing to overhaul Port Covington will hold its final work session Monday. Councilman Carl Stokes, chairman of the Taxation, Finance and Economic Development, said Tuesday evening the ...

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Stokes: Port Covington TIF to pass in way that ‘works for the whole city’ (access required)

Councilman Carl Stokes made it clear he plans to take his time reviewing a legislative package creating $535 million in public financing for the proposed redevelopment of Port Covington. During a hearing of the Taxation, Finance and Economic Development Committee ...

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Sagamore reaches out to skeptic on development incentives (access required)

Under Armour founder Kevin Plank’s real estate firm has briefed a key Baltimore City Council member who is a frequent foe of development subsidies about plans to redevelop Port Covington in South Baltimore. Carl Stokes, chairman of the Taxation, Finance ...

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Harbor Point TIF could cost $283 million (access required)

Although the initial request for one of three public tax breaks for a $1 billion development on the city’s waterfront near Harbor East is $107 million, the cost of repaying that amount will balloon to more than $283 million over the three-decade term of the bonds, according to city documents.

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Stokes seeks investment for Perkins Homes community (access required)

Baltimore City Council member Carl Stokes introduced legislation Monday night that would require nearly $16 million be returned to a low-income area and public housing project near Fells Point that developers of the $1 billion Harbor Point project used to gain a $52 million state tax credit.

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