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Goldman Sachs to invest in Port Covington

Posted at 6:13 AM, Sep 14, 2017
and last updated 2017-09-14 06:21:48-04

Under Armour's Kevin Plank scores a major investor in his plans to redevelop Port Covington. 

Goldman Sachs is investing $233 million into the $5.5 billion project.

This will make Goldman part owner as well as Plank's Sagamore Development company. 

A spokesperson for Goldman's says what finalized their decision is the $660 million tax increment financing package from last year. 

Sagamore Development hopes to break ground on this project early next year.