Subsidy Tracker Individual Entry

Company: 
Sagamore Development
Parent Company: 
Sagamore Development
Subsidy Source: 
local
Location: 
Maryland
City: 
Baltimore
Project Description: 

mixed-use development

Year: 
2016
Major Industry of Parent: 
real estate
Specific Industry of Parent: 
real estate development
Subsidy Value: 
$660,000,000
Program Name: 
tax increment financing
Awarding Agency: 
Baltimore Development Corporation
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$5,500,000,000
Source of Data: 

Details are taken from: "City Council passes $660M TIF package for Port Covington," Baltimore Business Journal, September 19, 2016; online at http://www.bizjournals.com/baltimore/blog/real-estate/2016/09/city-counc...

Notes: 

Sagamore Development was awarded $660 million in financing via TIF bonds for a mixed-use project at a 266-acre industrial site in south Baltimore. The project will include the headquarters of apparel company Under Armour, whose founder and CEO Kevin Plank also controls Sagamore Development. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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