Kevin Plank
Kevin Plank wrote a letter to Baltimore on Wednesday.
In an open letter published as an ad in the Baltimore Sun, the Under Armour founder made a personal appeal to the city to approve the $5 TIF his development firm, Sagamore Ventures, is seeking for the Port Covington project. Saying he hasn’t been publicly speaking about the project more because of his day job running Under Armour, Plank compared Port Covington to historic moments like the founding of Morgan State and Johns Hopkins, as well as the arrival of Bethlehem Steel at Sparrows Point and the redevelopment of the Inner Harbor. He also points out that “today there is no Fortune 500 company that calls Baltimore home….yet.”
Along with arguing that Port Covington will result in jobs and private investment, Plank said they made a $100 million commitment in the form of a community benefits agreement. The entrepreneur’s characteristic sense of urgency was also on display.
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