First of Sagamore's new water taxis hits the water

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The first of Sagamore Ventures’ new water taxis has hit the water. Sagamore, the private investment firm of Under Armour CEO Kevin Plank, partnered with local manufacturer Maritime Applied Physics Corp. to build a new fleet of boats for the city’s Water Taxi service. Sagamore purchased Harbor Boating Inc., the company that operates the Water Taxi, in August for an undisclosed price. The new boats pay homage to the classic Chesapeake Bay Deadrise boats in their design and heavily feature the Maryland…