At the same time that Baltimore taxpayers are on the hook for $137 million in bonds to finance Kevin Plank’s private Port Covington project, the company he founded will drastically shrink its future corporate footprint in the city.
But there’s more to Under Armour’s announcement that it will scale back its headquarter plans at Port Covington than the fact that its stock has gone south and its brands have lost their luster.
For the athletic footwear and apparel maker, $70 million worth of land the company purchased from Plank on the peninsula has mostly lain fallow.
READ FULL ARTICLE HERE
