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UB's Journal of Land and Development Symposium: Port Covington Redevelopment
- When:
- Location:
- 1401 N. Charles St
- Room:
- Moot Courtroom
- Description:
-
The University of Baltimore Journal of Land and Development's 2017 symposium will focus on the Port Covington development and its potential effects on affordable housing and the environment.
Baltimore’s housing law requires that 20% of housing in a development built using public funds be affordable to people at varying income levels below the area’s median. Though Sagamore, the developer of the Port Covington redevelopment project, received $660 million in a public-financing package to develop Port Covington, the city waived the 20% affordable-housing requirement. Sagamore has stated that 10% of housing units would be affordable to households making 80-100% of the Area Median Income.
About $19.6 million of the first series of bonds (valued at $64.3M) will go toward building a park. The developer says the East Waterfront Park will help prevent shoreline erosion and will address environmental concerns while also opening up a section of waterfront to the public.
- Contact Name:
- Shavaun O'Brien
- Contact Email:
- sobrien@ubalt.edu
- Contact Phone:
- 4635
Appropriate accommodations for individuals with disabilities will be provided upon request 10 days prior to a campus event and 30 days prior to an event requiring travel.
