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Budget Year / Version:  
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Description

The Poolesville Economic Development Project calls for the development of surplus land owned by the Montgomery County Revenue Authority (MCRA). The physical plant consists of a custom winery, education/events center, and a vineyard.
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Phase

Ongoing

Status

Active
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Budget Snapshot
$14.6M Total
Expenditures/Funding
$14.2M 6 Year Total
Expenditures/Funding
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Location

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Justification

This project will support the County's long-range plan for economic and agricultural development, education, and workforce development. MCRA will collaborate with educational institutions to support opportunities in viticulture and enology, hospitality, marketing, and culinary arts programs. The project will dedicate several acres for the development of a demonstration vineyard where students can learn vineyard management skills while providing quality grapes to support the industry. The University of Maryland Extension will coordinate the research and development of this demonstration vineyard. In addition to supporting specific degrees in viticulture and enology, the Revenue Authority will also collaborate with Universities at Shady Grove to support degree programs in agri-tourism, marketing, communication, business entrepreneurship, and culinary arts. Students in these degree programs will use the facility to obtain hands-on experience in their fields of study. The project is projected to bring $45 million in economic activity to the State and over $22 million in activity to the County.
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Fiscal Note

There will be two agreements between the Revenue Authority and the County related to this project. Under the first agreement, the County will lease land from the Revenue Authority for an amount sufficient to cover the Revenue Authority's annual debt service costs. The second agreement will be an operating agreement whereby the Revenue Authority will agree to develop and operate the facilities on behalf of the County, with net operating cash being paid to the County to offset lease payments. During the early years of operation, there will be net costs to the County, but within seven years the expectation is that there will be no net costs to the County. The County will be reimbursed in total for the funds it expends from net operating revenue.

Thru FY19 expenditures = $670,000.

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Disclosures

A pedestrian impact analysis will be performed during design or is in progress.
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Coordination

Montgomery County's Department of Permitting Services, Maryland Department of the Environment, Montgomery County's Department of General Services, University of Maryland, Universities at Shady Grove, Montgomery College, Office of Management and Budget, and Maryland-National Capital Park and Planning Commission.
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Budget Snapshot
$14.6M Total
Expenditures/Funding
$14.2M 6 Year Total
Expenditures/Funding
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Project Details
Project NumberP391801
Date Last Modified12/23/20
Administering AgencyRevenue Authority
CategoryRevenue Authority
SubCategoryMiscellaneous Projects (Revenue Authority)
Planning AreaPoolesville and Vicinity
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Total Expenditures by Cost Element (000s)
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Total Funding by Source (000s)
EXPENDITURES (000s)
Cost ElementsTotalThru FY20Rem FY20Total 6 YearsFY 21FY 22FY 23FY 24FY 25FY 26Beyond 6 Years
Planning, Design and Supervision287540002475750172500000
Land00000000000
Site Improvements and Utilities2351002351940141100000
Construction71180071182848427000000
Other2261002261904135700000
Total Expenditures146054000142055442876300000
FUNDING (000s)
Funding SourceTotalThru FY20Rem FY20Total 6 YearsFY 21FY 22FY 23FY 24FY 25FY 26Beyond 6 Years
Revenue Authority116054000112052442876300000
State Aid30000030003000000000
Total Funding Sources146054000142055442876300000
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 21 Request0
Year First AppropriationFY18
Appropriation FY 22 Request0
Last FY's Cost Estimate14605
Cumulative Appropriation0
Expenditure / Encumbrances0
Unencumbered Balance0