Chapter 1B Construction Underway
In December, the Port Covington Development Team announced that financing for the next development phase had been finalized. The capitalization totals more than $650 million, including approximately $137 million in Tax Increment Financing (TIF) bonds. The closing of the financing marked a significant milestone for Port Covington, one of the largest urban revitalization efforts in the country, signifying vertical construction is underway on more than 1.1 million square feet of new development!
MORE NEWS
