BALTIMORE (AP) — Baltimore officials have reached a deal with a firm owned by Under Armour's CEO to develop a swath of south Baltimore industrial waterfront in a plan that promises to include affordable housing and local jobs.
Kevin Plank's private real estate firm Sagamore Development plans the $5.5 billion development in Port Covington. Under his agreement with the city, a certain percentage of workers on the project will be city residents, while 20 percent of the project's housing will be for low-income tenants.
Sagamore unveiled the plans just eight months after looting and rioting broke out across the city following the death of Freddie Gray, a 25-year-old black man whose neck was broken in the back of a police transport wagon.
The City Council is expected to vote on the plan Monday.
This story has been corrected to reflect that the name of the company is Under Armour, not UnderArmour.