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Kevin Plank Expected To Buy, Expand Baltimore Inner Harbor Water Taxi Service

Under Armour Founder, Chair & CEO KEVIN PLANK's investment firm, Sagamore Ventures, "is moving to buy" Baltimore-based Harbor Boating, which "operates the city's Inner Harbor water taxis," according to a front-page piece by Sherman & Campbell of the Baltimore SUN. The purchase would be another line in Plank's "growing business empire that has expanded from athletic apparel into real estate, horse racing, whiskey and more." Sagamore "hopes to expand the water taxi, adding new boats, longer hours, more stops, and an on-demand offering in partnership with Uber" (Baltimore SUN, 8/17). In Baltimore, Dan Rodricks writes Plank has "big money and big energy, and he's pouring it into the city where he established his business." Rodricks: "How much more Planking can this city expect? How much more Planking can a Plank do?" There is no way Plank "could take on anything else." But it is clear Baltimore is in "the Kevin Plank era" (Baltimore SUN, 8/17).

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