The objectives of this program are to: Develop the necessary infrastructure and amenities to facilitate expansion of the County's technology and other business sectors with high growth potential; Develop business incubators to foster the growth of start-up technology companies in the County; and Facilitate public-private partnerships to maintain and attract major County employers and to revitalize targeted central business districts and other strategic locations in the County.HIGHLIGHTS Complete renovation of the Silver Spring Innovation Center by January 2020 to foster private sector involvement and support the growth of entrepreneurs and start-up companies in the...
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PROGRAM DESCRIPTION AND OBJECTIVES
The objectives of this program are to:
- Develop the necessary infrastructure and amenities to facilitate expansion of the County's technology and other business sectors with high growth potential;
- Develop business incubators to foster the growth of start-up technology companies in the County; and
- Facilitate public-private partnerships to maintain and attract major County employers and to revitalize targeted central business districts and other strategic locations in the County.
HIGHLIGHTS
- Complete renovation of the Silver Spring Innovation Center by January 2020 to foster private sector involvement and support the growth of entrepreneurs and start-up companies in the County.
- Complete construction of the pedestrian walkway connecting the County's Conference Center and its parking garage by December 2019 to provide a well-functioning facility to meet the needs of County businesses and residents.
- Complete implementation of training, marketing, technical assistance and signage funded in the Long Branch Town Center Redevelopment project by the end of 2020 to help businesses adversely impacted by construction of the Purple Line in the Long Branch and Bonifant Street, Silver Spring area.
- Maintain the approved funding for construction of the Wheaton Redevelopment project. The project remains on schedule for substantial completion by May 2020. Relocation of the M-NCPPC Headquarters and relevant County agencies is expected to be completed by fall 2020.
- Continue funding to leverage State resources for the retention and expansion of the global headquarters of Marriott International Inc. in Montgomery County.
- Continue funding for planning, design and public infrastructure associated with the redevelopment of the White Oak Science Gateway Master Plan.
- Continue funding for plans, studies, analysis, and development coordination activities by the County necessary to implement redevelopment in the White Flint Sector Plan Area.
WHEATON REDEVELOPMENT
The Wheaton Redevelopment Program capital investment objectives are to aid in the redevelopment and revitalization of the downtown Central Business District by providing, in partnership with private development interests: infrastructure improvements designed to support private development; strategic acquisition of local properties to provide better linkages; public amenities and facilities at redevelopment sites; green space/public activity and/or entertainment space; public parking to support increased development activity; infrastructure improvements, such as unified public streetscape; and facade and other enhancements to deteriorating building structures.
Program Contacts
Contact Jose Thommana of the Department of Transportation at 240.777.8732 or Pofen Salem of the Office of Management and Budget at 240.777.2773 for more information regarding this capital budget project.
Capital Program Review
One ongoing project recommended for FY21-26 is the Wheaton Redevelopment Program, which provides funding to support public/private development projects, including private commercial development, a new headquarters for the Maryland-National Capital Park and Planning Commission (M-NCPPC), offices for the Wheaton Regional Services Center and other County agencies, a town square, and public parking. The building will have a geothermal heating and cooling system which is likely to result in LEED Platinum certification for the office building. The FY21-26 total cost of funding for the Wheaton Redevelopment Program remains at $179.32 million.
Construction started in June 2017. The project is on-schedule and expects a substantial completion date of May 2020. This project is critical to the County's economic development goals and the long-term economic vitality of Wheaton.
WHITE FLINT REDEVELOPMENT
In 2010, the Montgomery County Council approved the new White Flint Sector Plan. The Plan establishes a vision for transforming what has been an auto-oriented suburban development pattern into a denser, mixed-use "urban" center in which people can walk to work, shops, and transit. The Plan also calls for a financing mechanism that would generate significant revenues from properties and developments within the Sector Plan Area. The County Council further defined this financing mechanism in Bill 50-10, which establishes a White Flint Special Taxing District.
In addition to the financing implementation, specialized services are required for the complex land assemblage and disposition actions associated with the implementation of Stage I. Staff time and services are required to manage and coordinate efforts to develop detailed staging plans, to assess opportunities to maximize property dedications, and to negotiate property dedications to avoid or minimize acquisition costs.
Program Contacts
Contact Pete Fosselman of the Office of the County Executive at 240.777.8416, or Alison Dollar of the Office of Management and Budget at 240.777.2769 for more information regarding this capital budget project.
Capital Program Review
One ongoing project recommended for FY21-26 is the White Flint Redevelopment Program, which provides for the plans, studies, analysis, and development coordination activities by the County necessary to implement redevelopment in the White Flint Sector Plan Area. The total FY21-26 funding for this project is $1.16 million.
Related and complementary projects, White Flint District East: Transportation, White Flint District West: Transportation, and White Flint West Workaround, are described in the Transportation section.
WHITE OAK SCIENCE GATEWAY REDEVELOPMENT
In 2014, the Montgomery County Council approved the new White Oak Science Gateway Master Plan. The Plan establishes a vision for transforming what has been an industrial area into a denser, mixed-use commercial and residential center in which people can walk to work, shops, and transit. The County's initiative includes using both County-owned property (Site II) and privately-owned property as a public-private partnership, and leveraging existing relationships with the adjacent Food and Drug Administration (FDA) campus to advance development activities in the Master Plan.
Specialized services are required for the complex land assemblage and disposition actions associated with implementation of development requirements. Staff time and services are required to manage and coordinate efforts to develop detailed plans, manage demolition and clean-up activities, design infrastructure, and to negotiate transactions with the development partner. This project includes funds to assist with the construction of master-planned roads (A-105, B-5, and improvements to FDA Boulevard), the demolition of existing structures and site clearing activities, and the staff time to coordinate all these activities.
Program Contacts
Contact Pete Fosselman of the Office of County Executive at 240.777.8416, Greg Ossont of the Department of General Services at 240.777.6192, or Alison Dollar of the Office of Management and Budget at 240.777.2769, for more information regarding this capital budget project.
Capital Program Review
One ongoing project recommended for FY21-26 is the White Oak Science Gateway Redevelopment Project, which provides for public infrastructure as well as the plans, studies, analysis, and development coordination activities by the County necessary to implement redevelopment in the White Oak Science Gateway Master Plan Area. The FY21-26 total cost of funding for this project is $41.6 million.
A related and complementary ongoing project, the White Oak Local Area Transportation Improvement Program is described in the Transportation section on the Office of Management and Budget's website https://apps.montgomerycountymd.gov/BASISCAPITAL/Common/Project.aspx?ID=P501540&CID=3&SCID=9
BUSINESS DEVELOPMENT
The Business Development Capital Program is administered by the Office of the County Executive. The objectives of this program are to:
- Provide attractive, well-coordinated improvements for key industry sectors; and
- Expand the educational and research resources available for Montgomery County residents, employers, and workforce.
Program Contacts
Contact Tina Benjamin of the Office of the County Executive at 240.777.2006 or Pofen Salem of the Office of Management and Budget at 240.777.2773 for more information regarding this capital budget project.
Capital Program Review
One ongoing project recommended for FY21-26 is the Marriott International Headquarters and Hotel Project, which provides funding for the retention of Marriott International, Inc.'s new $500 million headquarters facility in Montgomery County. The County's commitment leverages State funding to retain and expand the global headquarters of Marriott International, Inc. in the County to construct a new 700,000 square feet Class A office building and a new hotel in the downtown Bethesda area. The County's investment will not only be recouped directly from the incremental real and personal property tax generated from the project, but also above and beyond direct and indirect economic impacts that Marriott International, Inc. creates in the State of Maryland.
In FY21, a $5.5 million payment will be disbursed to continue support local business growth.
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