Quantcast

Tag Archives: Sagamore Development

Early infrastructure work underway at Port Covington

Port Covington infrastructure map. (Sagamore Development)

Sagamore Development continues to search for equity and development partners for its proposed Port Covington development. Steve Siegel, the company’s executive vice president, said in an emailed statement that early infrastructure work has started on the roughly 260-acres of underutilized ...

Read More »

$660M tax package for Port Covington gets final council OK

Port Covington UDARP MF12

Sagamore Development Co., after fighting for public financing for its proposed $5.5 billion Port Covington redevelopment for several months, can now focus on the overhaul of the south Baltimore peninsula. The Baltimore City Council Monday night approved a legislative package ...

Read More »

Port Covington public financing gets tentative council approval

Sagamore Development Co. has been urging the Baltimore City Council to take up its request for a $535 million tax increment financing package to provide public infrastructure for its sprawling Port Covington project before the end of the year. (File photo)

Legislation granting Sagamore Development Co. $660 million in public financing to redevelop Port Covington received initial approval from the city council Monday night. The $5.5 billion project, hailed by its planners and supporters as the most significant economic initiative in ...

Read More »

Port Covington TIF session to talk profit sharing, affordable housing

Tom Geddes, CEO of Plank Industries speaking with Councilman Carl Stokes before the Port Covington hearing on Tuesday, August 16th. (The Daily Record/Maximilian Franz)

A Baltimore City Council committee reviewing legislation to provide public financing for the Port Covington redevelopment will discuss profit sharing and affordable housing for the project when it reconvenes Tuesday. The Taxation, Finance and Economic Development Committee is scheduled to ...

Read More »