Asked to comment on the revised city-wide community Benefit Agreement between the city, the faith and community group BUILD and the company developing Port Covington for Kevin Plank, Councilman Carl Stokes had a dry observation:
“Everyone’s going to tout it tomorrow as the best agreement of its kind ever, but given how lousy these agreements have been in Baltimore, that’s not much of a tout,” Stokes said, going on to praise Plank’s Sagamore Development Company and dump on City Hall.
“I do think Sagamore has bargained in good faith in these last three weeks,” said Stokes, who as chairman of the Taxation, Finance and Economic Development Committee has been the point person on the Council for three bills the project needs to get $660 million in public Tax Increment (TIF) financing and move forward.
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