Tuesday, July 12, 2016
BUILD held a press conference in front of UnderArmour Headquarters to call on CEO Kevin Plank to meet with BUILD to negotiate mandates that will ensure the Port Covington development will benefit the ENTIRE city. BUILD calls on the City Council, Sagamore development, and Mr. Plank to NOT agree to any city-wide benefits agreement without the City conducting a comprehensive independent analysis of the deal. Any agreement must treat the City of Baltimore as a ‘first in’ investor with a specified ROI on the TIF investment, including a share of all profit on the project, 51% local hiring on all jobs with clawbacks, an equal investment in affordable housing & blighted neighborhoods, and a written guarantee to hold education funding harmless for the udration of the TIF.” Full press coverage is available below, and BUILD’s press release can be read here.
Baltimore Sun – pdf version; Press Reader version
Baltimore Business Journal Real Estate Blog
WBAL Radio C4 Show Interview with Clergy Co-Chair Rev Glenna Huber