BY GERALD NEILY, Baltimore Brew (MD)
The adverse impact of the Port Covington plan on poor and disenfranchised neighborhoods – the “Other Baltimore” so starkly highlighted during last year’s civil unrest – is not just conjecture or a conflict of values.
The absence of development in one of them, Westport, is proof.
Kevin Plank, the CEO of Under Armour, owns the Westport waterfront as a private investment, and he’s already doing to Westport what his Port Covington plan will do to Baltimore as a whole – suck the air out of citywide redevelopment and growth for the benefit of a small isolated area.
Plank is banking the 43 acres of Westport land, with no development plan in sight, so that it won’t compete with his gargantuan dream for Port Covington that will require $660 million in TIF (Tax Increment Financing) bonds from the city and nearly $600 million more from state and federal sources.
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