South Baltimore communities ink deal to receive...

http://baltimorecheckbook.tumblr.com/post/147406498657/south-baltimore-communities-ink-deal-to-receive#_=_

A group of six community associations Thursday signed an agreement with Sagamore Development Co. that aims to spur $39 million in education, housing and job training investments in South Baltimore neighborhoods over the coming three decades as the Port Covington project is developed. The document was not made public, but Sagamore Development officials said the pact will last for at least 30 years, the term of a record $535 million — $660 million with interest and fees — tax increment financing…