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Showcase Touts Outstanding County Investment Opportunities

Developers Ready to Invest in Prince George's County

College Park, MDYesterday, developers and business leaders flocked to Prince George's County to the "Showcase College Park: Development Opportunities @ College Park Metro" to hear about the development opportunities available around the College Park Metro station. Developers from across the country showed up at the University of Maryland's Ritchie Coliseum to hear representatives from Prince George's County government, the University of Maryland, the Washington Metropolitan Area Transit Authority (WMATA) and the City of College Park discuss the Request for Qualifications (RFQ) and Request for Proposals (RFP) that have been released for the development of the 8.6 acres of land near the College Park Metro Station.

More than 100 local and out of state investors attended the Showcase and the bus tour of the proposal sites. This is a testament to the hard work of the Baker Administration, WMATA, the Economic Development Corporation, the University of Maryland, the City of College Park and other stakeholders in bringing the right people to the table to change the landscape in College Park. The development community was presented with a consistent message that the State, the County, its municipalities and key institutions are willing to work together to get the TOD projects across the finish line.

"This Showcase is exactly what we are about in Prince George's County," said EDC President Jim Coleman. "Developers like certainty in their investments and this Showcase symbolizes that Prince George's County is open for business."

College Park is one of the five priority Metro Stations that Prince George's County is targeting for development. As developers noted after the presentation, the unity of message from the stakeholder's has brought them back to the table, knowing the County has mechanisms to support them if issues arise.

"We heard that Prince George's County was ripe with development opportunities, so we had to come down here to see for ourselves," stated potential investor, Geoff Flournoy, managing partner of BRP Companies in New York City. "This Showcase has been extremely informative and we definitely have to get involved in this project."

Click for more information on the County solicitation and WMATA solicitation.