A state board said Monday that the Baltimore Development Corp. improperly barred the public and the news media from meetings about a proposal that the city borrow $535 million to pay for roads, parks, sewers and other projects on land in South Baltimore owned by Under Armour CEO Kevin Plank.
The Board of Finance on Monday granted unanimous approval to plans for more than half a billion in financing for roads, parks and sewers in Port Covington, where the real estate firm owned by Under Armour CEO Kevin Plank has proposed a multi-billion dollar redevelopment.
Recently, I attended a meeting about Under Armour's development plans for Port Covington. It was held at the 530-acre Sagamore Farm. When I looked around from a lofty hill and saw all of the grassy and wooded splendor, I couldn't help but reflect on my childhood and how it would have affected my aspirations to see something like this, something beyond the alleys and asphalt in my neighborhood.
Through the digital fitness applications Under Armour has been buying up over the past few years, the Baltimore-sports apparel maker has been collecting all sorts of information about users, how much they sleep, exercise and weigh, what they've eaten and even how they feel.
Baltimore's Board of Finance on Monday moved along a request for a record $535 million in public financing to spur redevelopment in Port Covington, where Under Armour CEO Kevin Plank has privately acquired land and plans to build new offices, stores, apartments and parks.
The Port Covington redevelopment planned by Under Armour CEO Kevin Plank is expected to be eligible for a total of $760.4 million in city and state property tax credits over the life of the project, according to an analysis of the project the city released Friday.
Under Armour beat sales and earnings forecasts in the first quarter, as net revenues soared 30 percent on the popularity of training and golf apparel and Stephen Curry's signature basketball shoe line.
The city has reached agreements with Under Armour CEO Kevin Plank's real estate firm about affordable housing, local hiring, and minority and woman-owned business participation, in his proposed multi-billion dollar redevelopment of the large swath of land he owns in South Baltimore.
Before we embarrass ourselves nationally and further deteriorate the public trust in the city's leadership, let's enact a value-based "fair development" framework, where public subsidies are assessed under basic human rights principles that speak to both common sense and moral imperatives.
As it begins a new season, Major League Baseball has a deep roster and a waiting bullpen of suppliers promoting their brands by visibly associating with the sport. MLB grants licenses to Under Armour Inc., Nike Inc., Rawlings Sporting Goods Co. and other companies for products ranging from uniforms and cleats to sunglasses.
Gervonta "Tank" Davis of Baltimore was pleased with his effort Friday night in stopping Mexico's Guillermo Avila 29 seconds into the sixth round of a Premier Boxing Champions super featherweight bout on Spike TV at the D.C. Armory in Washington.
Baltimore councilman Carl Stokes returns to the podcast as part of Dan's series of interviews with mayoral candidates, and, a year after Freddie Gray's death, the Baltimore County library's common reading program takes on race and the social conditions at the root of 2015's unrest.
The board of the Baltimore Development Corp. on Thursday unanimously recommended that the city move forward with $535 million in public financing to build infrastructure for billionaire Under Armour founder Kevin Plank's private, mixed use real estate project in Port Covington.
March Madness is a time when Under Armour and other fitness apparel and footwear companies battle for the reflected glow of fans' intense college loyalties. The brands are betting that fans will heed the subtler images displayed on the uniforms of NCAA basketball tournament teams: Under Armour's interlocking "UA," Nike's swoosh, the three stripes of Adidas.
A proposal for Baltimore to provide tax increment financing to Under Armour is shaping into a major election issue with mayoral candidates asked again Sunday how they would negotiate city support for the massive Port Covington development.