Title
A RESOLUTION CONCERNING URBAN RENEWAL AREA DESIGNATION FOR THE TOWN OF FOREST HEIGHTS for the purpose of designating the National View Site as an Urban Renewal Area in the Town of Forest Heights in Prince George’s County and recognizing the authority granted to the municipality by the State of Maryland.
Background
The Urban Renewal Designation by the County Council is required for the negotiated Payment in Lieu of Taxes (PILOT), which will facilitate 1.5 million square feet of new mixed-use development and $720 million dollars of new capital investment. The Town of Forest Heights has already approved the National View site as an Urban Renewal Project and approved the National View Project’s Urban Renewal Plan for the rehabilitation and redevelopment of the National View site.