Route 1 Reporter (https://route1reporter.com/category/news/college-park/)
After mistakenly granting, then revoking, a tax break for a student-housing project, College Park City Council narrowly approved a measure granting the project a reduced tax break anyway under a new waiver created for this specific situation.
College Park City Council appears supportive of still-preliminary design plans for a cycle-centric overhaul of Rhode Island Avenue. But the plans are likely to disappoint some cycling safety advocates, who in previous meetings called for more robust separation between the bicycles and cars.
At least two industrial development projects are interested in buying the Stone Straw site in northern College Park, according to city officials. Further details remain a mystery, save one: a proposal to build a fish processing plant on the site, first revealed in 2020, seems to be dead.
College Park city officials mistakenly granted a tax cut to a development, in part, because city staff used an out-of-date checklist when reviewing the proposal, according to emails obtained by Route 1 Reporter.
College Park City Council appears to have the votes to give a student-housing developer a tax cut it was once ineligible for, however the tax cut will be smaller than what developers sought.
College Park City Council appears set to grant a student-housing development a tax cut the project was once ineligible for.
A prime downtown College Park block could transform from a single-story strip of retail to a mid-rise multi-story mixed-use apartment complex, but only if the developer’s rezoning dreams come true. The developer in question is Richard Greenberg’s Greenhill Companies, whose subsidiaries Terrapin Main Street LLC and Carrol Investors have assembled a block of adjoining properties on the southeastern corner of Baltimore Avenue and Hartwick Road. Under Greenberg’s conceptual plans, the 17,000 square-foot site would be redeveloped with 13,000 feet of ground floor retail topped with 150 to 160 apartments. Greenberg has asked Prince George’s County planning authorities to rezone the entire site to mixed-use-infill. In order to obtain a rezoning, he has to get a conceptual site plan approved.
College Park City Council scheduled a public hearing on proposed revisions to laws governing the city’s Revitalization Tax Credit program. Under the proposed changes, previously ineligible projects that were granted a tax credit in error would be given a waiver to re-apply for the tax credit.
College Park City Council is divided over whether or not to make-good on a tax cut erroneously granted to a developer last year.
More than a year ago, College Park City Council unanimously approved a special tax cut for a student housing development. But there was one problem: the project was never eligible the tax cut.