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Closing Bell

Horse Track Could Be Built On Land Owned By Under Armour's Plank

Officials with Kevin Plank's real estate firm, Sagamore Development, in an e-mail said "several people have shared with us" the idea of building a new horse track on land owned by the Under Armour Founder, Chair & CEO. But they added the track is "not currently contemplated in our master plan" for Port Covington in Baltimore, where Plank has more than 130 acres. Sagamore "did not specify who has been involved in the discussions." Plans unveiled for the area so far include a "new headquarters" for UA. This comes as the future location of the Preakness Stakes "remains in limbo" (BIZJOURNALS.com, 6/8).

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