Tuesday, May 5, 2009

A Transit Town Center

The Sun says the county council agreed to sell bonds to build a parking garage at the Savage MARC commuter rail station, to be paid off from tax revenues generated by the project. The council's legislation posted here said the county intends to borrow up to $17 million.

The area is currently a 13-acre parking lot. That would be replaced by a parking garage, leaving the rest of the land available for development by Petrie Ross Joint Ventures.

Their proposed Savage Towne Centre, located at the intersection of Route 32 and Dorsey Run Road, would include 416 new residential units, 21,000 square feet of retail, 9,200 square feet of restaurant space, 7,800 square feet of office and 152 hotel rooms.

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