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Baltimore Development Corporation
Tribune Media sells Port Covington property for $46.5M
Tribune Media sells Port Covington property for $46.5M

Tribune Media Co. said Monday it sold its 60-acre Port Covington parcel known as Sun Park, which includes the Baltimore Sun's printing plant, to an undisclosed buyer for $46.5 million. The sale won't affect the printing of the newspaper. The Sun has a long-term lease for the printing plant, which occupies about 23 acres including the parking lot, according to Tribune Media. A spokeswoman for the Baltimore Sun Media Group said the current rental agreement will remain in place under the new owners. After taxes and closing costs, the sale is expected to net about $30 million for Tribune Media, the successor to Tribune Co. Tribune Co. split into two companies in August, retaining its...

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