Port Covington Project Gets $233M From Goldman Sachs Group

BALTIMORE (AP) — Officials say Goldman Sachs has agreed to provide $233 million in private equity funding to a waterfront redevelopment effort in south Baltimore led by a firm owned by Under Armour’s CEO.
Sagamore Development Company announced Thursday that the contribution to the Port Covington redevelopment effort is the largest single private equity investment made to date by Goldman’s Urban Investment Group.
Mayor Catherine Pugh said the financing is good news for the proje