Field of Dreams

A billionaire entrepreneur ready to invest his fortune for the betterment of Baltimore? As the city prepared in 2020 to hand over the biggest tax subsidy in history to Under Armour’s Kevin Plank for the Port Covington development, The Brew reviewed hundreds of pages of PIA-ed financial reports to reveal the risky underpinnings of the deal. Also documented: the cash contributions strategically shoveled out to city and state politicians.

How a scaled-back Under Armour HQ helps rescue Kevin Plank’s shaky Port Covington project

Documents show that if Under Armour didn’t put its headquarters at Port Covington, Kevin Plank could be forced to sell his holdings.

Municap and other reports on Port Covington TIF Series 2020 Bonds

Rewriting history: City says Under Armour “isn’t relevant” to Port Covington project

$148 million in TIF bond sales was approved today by the Board of Estimates, with no more talk about 10,000 new jobs being created by Under Armour.

Port Covington developer gave over $80,000 to officeholders and political committees

A top contribution went to Mayor Young, who is leading the push to award the unprecedented TIF tax package.

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ACLU letter seeking postponement of Port Covington vote

Text of the June 16 protest submitted to the Baltimore Board of Estimates by ACLU of Maryland, Step Up To Lead, Maryland Consumer Rights Coalition, Public Justice Center and Jews United for Justice.

Postpone Port Covington TIF funding, ACLU and others urge

The protest to the Board of Estimates focuses attention on Baltimore’s lame-duck mayor and its presumptive “open government” mayor.

Mayor Young commits $148 million in bond funding to jumpstart Port Covington project

BREW EXCLUSIVE: The biggest TIF tax increment funding in city history includes many risks to Baltimore taxpayers, a review of publicly undisclosed material shows.