Two of three coalition groups negotiating with the company seeking $660 million in public financing for the Port Covington project have rejected the Sagamore Development Company’s “last best offer,” saying it has “a gaping loophole” on affordable housing and that the parties are “oceans apart” on jobs, profit sharing and other issues as well.
“Our coalition didn’t walk away from the table, Sagamore overturned the table,” said Charly Carter, executive director of Maryland Working Families and a co-chair of People Organized for Responsible Transformation, Tax Subsidies and TIFs (PORT3).
Carter said negotiations suddenly deteriorated on Wednesday after City Councilman Carl Stokes stepped away from the closed-door City Hall sessions.
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