Baltimore’s Decay Accelerates As Kevin Plank’s Billion-Dollar Microcity Turns Into “Ghost Town”

Under Armour founder Kevin Plank and his brother Scott Plank sold their ownership interest in a luxury hotel tucked into Baltimore’s historic Fells Point neighborhood this week. The sale comes as UA’s turnaround plan sputters, its much-hyped micro-city remains half-empty, and Plank continues, or at least attempts to offload assets. Why the Planks poured so much money into a city run by incompetent Democrats – many of them considered far-left activists – remains puzzling, as Baltimore has descended over the years into what President Trump has called a “hellhole.”

The Baltimore Sun reports the Plank brothers sold their ownership stake in the Pendry hotel to Montage International, a California-based hospitality management company, on Wednesday. They spent $60 million to renovate and restore the building, transforming it into what is now called the Sagamore Pendry Baltimore hotel. 

A major problem for the luxury hotel, as The Sun asks: Amid Sagamore Pendry sale by Kevin Plank, can luxury hotels thrive in Baltimore? 

Certainly a great question, given that the far-left activists running Baltimore City have pushed a decade of failed criminal justice reforms that backfired and fueled a violent crime wave. The result is unmistakable: a population collapse to 100-year lows.

… in other words, the largest population exodus in a generation. The city could lose its “major city” status if the population hemorrhage continues.

Why the Planks poured tens of millions – if not more - into Baltimore seems like another troubling bet. Perhaps the explanation lies in their origin story, which began in the metro area, where they sold UA tees out of a car at youth lacrosse games and through the retail chain Lax World.

UA’s Turnaround plan sputtering:

• Under Armour Shares Crash As Kevin Plank’s Turnaround Plan Hits Wall 

And this.

• Kevin Plank’s Race Farm Listed For $22 Million Amid Under Armour Troubles

• Inside World Of High-Net-Worth Lending: Kevin Plank Pledges Georgetown Home For $15M Commercial Loan

Plus this. 

• “Billion-Dollar Ghost Town” Surrounds Under Armor Headquarters

UA is a mess. Baltimore is a mess. Maryland is a mess. Time for a reset of politics in the state controlled by radical leftists.