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Port Covington Project to Advance as $137.5M in TIF Bonds Hit the Market

Progress at Baltimore City’s Port Covington tech, cyber and lab-focused waterfront development. Led by Weller Development , in partnership with Plank Industries subsidiary Sagamore Development and Goldman Sachs Urban Investment Group, Maryland’s economic development agency has issued TIF bonds totaling $137.5M in principal to jumpstart construction at Port Covington. “Our focus is to continue building the neighborhood, being a great partner in the SB7 communities and working towards our goals with this inclusive 20-plus year endeavor," said lead developer Marc Weller. Via Baltimore Business Journal.

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