The Baltimore City Planning Commission has unanimously approved the tax increment financing proposal for the Port Covington project and has sent the proposal to City Council for consideration. Recently at the first real public hearing on the public financing, Jon Laria, a lawyer for Under Armour CEO Kevin Plank's development company, Sagamore Development, explained why the $535 million in public financing is a good deal for the city, noting the transformative scale and large private investment.