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Jim Davis
Stake in Sparrows Point could be sold to local group
Stake in Sparrows Point could be sold to local group

The owner of the closed Sparrows Point steel mill is working on selling a "significant percentage" of its stake in the property to local buyers, raising hopes for its eventual redevelopment. An attorney disclosed the potential sale this week in a court case involving the property, but did not identify the buyers except to call them a "local investment group." Two people close to the deal that said the company is Hanover-based Redwood Capital Investments. They spoke on condition of anonymity because the transaction is not final. Local entrepreneur Jim Davis' Redwood Capital bought the retirement-community company Erickson Living in 2010. Davis also founded the...

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