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Developing Port Convington: The power of Plank

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Posted at 6:43 PM, Apr 20, 2016
and last updated 2016-04-21 06:33:55-04

Under Armour owner Kevin Plank took a step toward the Port Covington project Wednesday. 

Baltimore City and Plank's Sagamore Development Company agreed on a memorandum covering who will work and who will live at Port Covington. The Board of Estimates voted 3-2 in favor of it.

Comptroller Joan Pratt and City Council President Jack Young both voted no. They said they didn't have enough time to review the plan. 

Plank wants to use a quarter of the land he owns on the city's south side for Under Armour's new headquarters. The remainder, about 150 acres, would be used for retail, housing, hotels and public parks. 

The agreement passed Wednesday requires 51 percent of new employees hired for the project must be Baltimore residents. Twenty percent of those working on-site have to live in the city. Sagamore also has to offer help to minority and women-owned businesses that are presented on campus. 

The most contested part of the memorandum covers housing .It sets a goal that 10 percent of the housing at Port Covington be considered "affordable," but that's just a goal, not a requirement. 

If Sagamore doesn't meet the goal, it will have to pay the city a fine. 

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