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Under Armour Planned a 4-Million-Square-Foot Campus on Baltimore's Waterfront in 2021. By December 2025, Its Founder Had Walked Away From Developing the Site at All -- After Coming Back to Run a Company Whose Profits Had Just Fallen 96%.
Under Armour's founding and its move to Baltimore's Inner Harbor are already part of this site's story of the city's reclaimed waterfront. What happened after is a separate, harder story: a 4-million-square-foot headquarters vision shrunk to a single building, a founder's return as CEO, a 96% profit collapse, and a formal exit from the site's future development entirely.
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