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Port Covington


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#21 Chris B

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Posted 25 March 2016 - 11:42 AM

http://www.baltimore...0324-story.html

#22 NewMarketSean

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Posted 25 March 2016 - 01:09 PM

Hard to find any bad news with all this.

 

I'm curious about the light rail spur. My guess is that they'd use the current tracks that include the abandoned rail bridge just south of where 395 meets up with I-95. Hopefully that station will also serve Fed Hill, particularly the southern end of it. And if they could also serve Locust Point (and hell, why not include a station at the current UA campus) that would be an even bigger bonus to all this.

 

This whole thing is what Baltimore needs more of -- private money developments that costs the city very little or nothing. It's a shame the city never jumped on the Hackerman proposal to build an arena and refurbish the convention center and Sheraton. Before Sagamore, that was the best private money proposal the city had seen in years.  


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#23 DuffMan

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Posted 25 March 2016 - 01:21 PM

Hard to find any bad news with all this.

 

I'm curious about the light rail spur. My guess is that they'd use the current tracks that include the abandoned rail bridge just south of where 395 meets up with I-95. Hopefully that station will also serve Fed Hill, particularly the southern end of it. And if they could also serve Locust Point (and hell, why not include a station at the current UA campus) that would be an even bigger bonus to all this.

 

This whole thing is what Baltimore needs more of -- private money developments that costs the city very little or nothing. It's a shame the city never jumped on the Hackerman proposal to build an arena and refurbish the convention center and Sheraton. Before Sagamore, that was the best private money proposal the city had seen in years.  

That's what I don't get, why does these seem more possible to happen then the arena/convention center ever did?  Furthermore, I feel like if this goes through then we'll never get a new arena.



#24 NewMarketSean

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Posted 25 March 2016 - 01:23 PM

That's what I don't get, why does these seem more possible to happen then the arena/convention center ever did?  Furthermore, I feel like if this goes through then we'll never get a new arena.

Because the city was still going to pay for a chunk of the arena/convention center. Hackerman's proposal was generous, but not all-inclusive. Forget the numbers...and Hackerman was doing it to get a brand new hotel incorporated into arena and CC.


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#25 BSLMikeLowe

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Posted 25 March 2016 - 01:30 PM

Because the city was still going to pay for a chunk of the arena/convention center. Hackerman's proposal was generous, but not all-inclusive. Forget the numbers...and Hackerman was doing it to get a brand new hotel incorporated into arena and CC.

 

The public share of Hackerman's project would have been in the $300 million range IIRC. I think the difference there is how the city or state would have paid off those bonds if they had proceeded. With the TIFs they are paid off by the property taxes that are collected over the life of the bonds. But the Port Covington project, like the Harbor Point project, is mostly vacant land that isn't generating much at all in tax revenue prior to being developed. I don't know that that same formula would work for the convention center/arena project.



#26 BSLChrisStoner

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Posted 06 May 2016 - 11:29 AM

Baltimore Business Journal: Sagamore Development's Port Covington plans need more work, panel says
http://www.bizjourna...ed.html?ana=lnk

 

Yeah... the concerns raised due little for me.

 

Sagamore Development will the guest speaker for the next meeting of my networking group in July. Looking forward to hearing more about Port Covington.



#27 Mackus

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Posted 06 May 2016 - 11:42 AM

Baltimore Business Journal: Sagamore Development's Port Covington plans need more work, panel says
http://www.bizjourna...ed.html?ana=lnk

 

Yeah... the concerns raised due little for me.

 

Sagamore Development will the guest speaker for the next meeting of my networking group in July. Looking forward to hearing more about Port Covington.

 

I don't have a major issue with the residential being all high-rise, though I do wish it was more of a typical Baltimore rowhome neighborhood.

 

But it's pretty obvious that a planned community this big will have to have police, fire, and schools somewhere.  Leaving that out seems like a pretty major oversight.



#28 BSLChrisStoner

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Posted 06 May 2016 - 11:46 AM

I don't have a major issue with the residential being all high-rise, though I do wish it was more of a typical Baltimore rowhome neighborhood.

 

But it's pretty obvious that a planned community this big will have to have police, fire, and schools somewhere.  Leaving that out seems like a pretty major oversight.

 

I guess that's fair. Supposed to have more info on that in their next presentation. We will see.



#29 BSLChrisStoner

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Posted 30 August 2019 - 02:39 PM

Construction Dive: Construction begins at Baltimore's $5.5B Port Covington project ...

 

BBJ: A look at more projects planned for Port Covington (Photos ...

 


#30 BSLChrisStoner

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Posted 04 September 2019 - 11:20 AM

BBJ: Sagamore Development, Goldman Sachs spend $16M for marina at Port Covington
https://www.bizjourn...6xl5L-ogZs9i_Ok



#31 BSLChrisStoner

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Posted 08 November 2019 - 08:18 AM

Balt Sun: Years in the making, construction of controversial Port Covington project finally underway in South Baltimore
https://www.baltimor...3ja-story.html?






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