Mike Preston's report card in Week 3
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William H. Cole IV

After City Council vote, Port Covington targets millions in state and federal money

After City Council vote, Port Covington targets millions in state and federal money

Kevin Plank's plan to remake Port Covington took a big step forward when the City Council approved $660 million in public financing for the project, but the Under Armour CEO still needs millions in state and federal funding to make his dream a reality.

Plank's Sagamore Development Co. is now attempting to win approval of about $350 million in state funding and $225 million in federal funding. The developer also needs to persuade various agencies to sign off on permits for Plank's ambitious plan to turn the mostly industrial South Baltimore peninsula into a $5.5 billion mixed-used development, including a new headquarters campus for Under Armour.

"We've always...

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