Caroline Moore from Ekistics, a development company involved with State Center, provided a history of this public-private venture. Projected to generate an additional $6 million in tax revenue, this privately financed project has the full support of MRIA, the State Center Neighborhood Alliance, and other neighborhood groups.
The project has already jumped many hurdles, most recently winning approval for leases and for PILOT (payment in lieu of taxes), but then the governorship change halted progress. Since some State funds are involved, Governor Hogan is currently reviewing the project. With the wonderful showing of community support at May’s Block Party providing a positive sign to investors, perhaps the Governor will be favorably swayed.
In addition to the previously reported interest in the Armory location by several large grocers, Midtown Academy Charter School is also reportedly interested in relocating to one of the development’s buildings.