Baltimore's Mayor says that other cities would be salivating at the opportunity of having a successful corporation drop $5.5 billion to build its global headquarters and a mixed use new town around it. Even if that corporation would ask for public bonds of over half a billion dollars through tax increment financing (TIF) and receive $760 million in tax credits for building on a brownfield, in an Enterprise Zone and by utilizing general city apartment tax credits.
|
| ULI graphic explaining Tax Increment Financing |
[...] Port Covington is an amazing opportunity for Baltimore. It’s an amazing opportunity for job creation, for community building. To stabilize one of the fastest-growing companies in the world with Under Armour and to make sure that they continue to have a headquarters here. When cities around the country take a look at the pushback that some in the community are giving to this development they’re salivating, they would love to have Under Armour to invest billions in their community.(Mayor Rawlings Blake on WYPR)
This Corporation isn't a foreign auto company that wants to come to Baltimore like..
Archplan Inc. Philipsen Architects