[RP TownTalk] Cafritz/Calvert Tract proposal meeting/approval

[Sarah Wayland]

I read that as saying that the tax increment fund would only be on revenue
generated by the development. Someone should ask for clarification at
tonight's meeting and let those who cannot be there know what the answer
is.

-Sarah


On Mon, Jan 9, 2012 at 11:31 AM, James D. Holmes <jdholmes at comcast.net>wrote:

> There was an article published in the Washington Post yesterday (January
> 8, 2012) (see below link)
>
> http://www.washingtonpost.com/**local/whole-foods-project-and-**
> outlet-center-at-national-**harbor-on-prince-georges-**
> agenda/2012/01/06/gIQA7An4jP_**story.html<http://www.washingtonpost.com/local/whole-foods-project-and-outlet-center-at-national-harbor-on-prince-georges-agenda/2012/01/06/gIQA7An4jP_story.html>
>
>
> The Washington Post quoted Mayor Archer stating
>
> "He said that the developer might put up some of the money and that
> Riverdale Park and the county might provide the rest through a
> tax-increment fund that would tap revenue generated by the development."
>
> I guess our taxes will be going up to support this development.
>
>
> James Holmes
>
>
>
>
>
>
>
>
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-- 
Sarah Wayland
sarah.wayland at gmail.com
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