Under Armour received city Planning Commission approval to pursue waterfront improvement projects near its Locust Point headquarters in Baltimore with the help of tax-increment financing.
The commission voted, according to the Baltimore Sun, to expand the district in Locust Point, where the city currently has authority to sell tax-increment financing bonds to pay for public improvements. The district would be expanded to include an Under Armour facility that the company renovated for an estimated $14.2 million in 2009. It is across from the company's Tide Point office complex.
The Baltimore-based sports apparel company, the biggest landowner in Locust Point, hopes to complete some of the waterfront projects in time for next year's bicentennial celebration of the War of 1812, said Mark Pollak, an attorney for Under Armour.
Last month, Under Armour said it hoped to double the size of its headquarters to accommodate additional employees, a retail store and a company museum.
