The Baltimore City Council voted on Monday to night to give final approval for $660 million in public financing for the Under Armour-backed Port Covington development project.
Through the deal, Baltimore City will funnel that sum to Sagamore Development in bonds, which the company will pay back over time through future taxes. The council had already shown strong support for the deal in apreliminary vote that moved it forward last week.
According to The Baltimore Sun, the council voted 12-1 to approve the three bills that contain the agreement reached between the city, developers and community groups. Councilman Warren Branch of District 13 was the only member to vote against the deal, while Mary Pat Clarke of District 14 and Bill Henry of District 4 abstained.
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