up
Budget Year / Version:  
anchor
anchor
anchor

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.
project image
anchor

Phase

Under Construction

Status

Active
anchor
Budget Snapshot
$19.91M Total
Expenditures/Funding
$5.44M 6 Year Total
Expenditures/Funding
anchor

Location

anchor

Cost Change

Cost increase due to updated construction cost estimate.
anchor

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.
anchor

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 eight years the expectation is that there will be no net costs to the County. (Under current estimates, net County costs will range from approximately $860,000 to $40,000 from FY23 to FY28.) The County's net costs will be reassessed each year. And, the County will be reimbursed in total from net operating revenue for the funds it expends.
anchor

Disclosures

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

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.
Budget Snapshot
$19.91M Total
Expenditures/Funding
$5.44M 6 Year Total
Expenditures/Funding
project image
anchor
Project Details
Project NumberP391801
Date Last Modified01/08/22
Administering AgencyRevenue Authority
CategoryRevenue Authority
SubCategoryMiscellaneous Projects (Revenue Authority)
Planning AreaPoolesville and Vicinity
anchor
Total Expenditures by Cost Element (000s)
anchor
Total Funding by Source (000s)
EXPENDITURES (000s)
Cost ElementsTotalThru FY21Est FY22Total 6 YearsFY 23FY 24FY 25FY 26FY 27FY 28Beyond 6 Years
Planning, Design and Supervision290002150750750000000
Land00000000000
Site Improvements and Utilities310902169940940000000
Construction125480970028482848000000
Other13500446904904000000
Total Expenditures1990701446554425442000000
FUNDING (000s)
Funding SourceTotalThru FY21Est FY22Total 6 YearsFY 23FY 24FY 25FY 26FY 27FY 28Beyond 6 Years
Revenue Authority1690701146554425442000000
State Aid30000300000000000
Total Funding Sources1990701446554425442000000
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 23 Request0
Year First AppropriationFY18
Appropriation FY 24 Request0
Last FY's Cost Estimate14605
Cumulative Appropriation0
Expenditure / Encumbrances0
Unencumbered Balance0