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Tag Archives: Sagamore Development Co.

Sagamore names designer for first Port Covington intersection overhaul

Sagamore Development Co. hired a local engineering firm to design the first overhaul of an intersection on the main thoroughfare through its planned $5.5 billion redevelopment of Port Covington. The developer of the 235-acre parcel of land in south Baltimore ...

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Sale of Port Covington properties to Sagamore allows Aquarium to pay off $5M loan

A subsidiary of the National Aquarium sold its Port Covington properties — obtained from Baltimore about a decade ago — to a developer, and collected $2.97 million more than it paid, according to state property records. Previously, the organization and ...

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Activists split on continuing Port Covington negotiations

A united front among activists pushing for concessions from a developer seeking public financing for a proposed $5.5 billion transformation of Port Covington has started to splinter. People Organized for Responsible Transformation, Tax Subsidies and TIFs, or PORT3, and BuildUp, ...

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Port Covington TIF session delayed as negotiations continue

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

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’

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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Community activists continue Port Covington pushback

Community activist organizations continue to battle a plan to provide the Port Covington development project with $535 million in public financing, with the latest salvos coming roughly a week before a City Council committee holds crucial hearings on the proposal. BUILD, Baltimore United ...

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Sagamore, neighborhood groups unveil nearly $40M community benefits agreement

Leaders of community groups in six south Baltimore neighborhoods and the developer of the $5.5 billion Port Covington project have agreed to a partnership that will pour tens of millions of dollars into those communities over the next decades, officials announced ...

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