Nor was a proposal by the Old Goucher Community Association for a corporate hub spread across culturally rich central Baltimore that earned the mayor’s wrath, who said there would only be one Amazon proposal from city government – Plank’s. But these were not part of Mayor Pugh’s sales pitch. Ironically, there are miles of additional vacant waterfront land in the immediate vicinity, including Plank’s own Westport property, as well as southward through Cherry Hill and Brooklyn. UA’s stock price plummeted by 50.3% in 2017. UA stock has shed billions of dollars of value since mid-2016, and expansion of its proposed world headquarters at Port Covington has been delayed.
The Sun pointed out that the site had all the necessary approvals for $660 million in city TIF (tax increment financing) to be spent to support Plank’s vision – as if Bezos was unable or unwilling to negotiate his own terms. Some commentators, like Plank’s tenant The Baltimore Sun, insisted that such a preordained “shovel-ready” development was a unique advantage that would vault Port Covington to the top ranks of Amazon’s search for space.Įven before the HQ2 semifinalists were announced, Port Covington’s preordained nature was looking shaky. Cole even claimed the Amazon proposal wasn’t their idea, thereby absolving themselves of any obligation to vet it with the public.
Mayor Catherine Pugh and Baltimore Development Corp. The Port Covington proposal was probably unique among the 238 proposals submitted to Amazon in that it was a subplot to an already fully formed plan pushed by Under Armour CEO and founder Kevin Plank. Thus, Baltimore was out of the running for Amazon’s $5 billion second headquarters (HQ2) as the e-commerce giant last week whittled down its candidates’ list to 20 locations. Just as in the frontier days of the old west, Amazon’s Jeff Bezos must have looked at Kevin Plank’s Port Covington and decided, “This town ain’t big enough for both of us.”
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