“Montgomery County Is Not Open for Business”

“Montgomery County Is Not Open for Business”

Yesterday the Montgomery County Council heard a briefing from the County Executive’s staff on options for financing the infrastructure necessary to implement the White Flint Sector Plan. At 5:36PM the night before, the Executive sent proposed legislation and a cover letter to the Council, but several Councilmembers noted that they had not had time to consider the material before the briefing.

Here is the Executive’s letter. The Executive is proposing a development district for White Flint, as had been recommended by the Planning Board, but includes the triple tax increase discussed in some posts below.

The White Flint Partnership, www.whiteflintpartnership.com, immediately issued a response. The WFP letter rejected the Executive’s proposal, saying that businesses would find it too costly to invest in White Flint: “it will send another signal to the business community that Montgomery County is simply not open for business.”

Barnaby Zall

Barnaby Zall

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2 comments

alester174

When the county executive’s office makes recommendations like this it really shows that they really don’t understand local economics. They don’t seem to understand how much more competitive Arlington and Fairfax are at attracting jobs, investment, and Gen Y professionals and how MoCo is very quickly losing it’s share of the local economy to northern virginia. The county has basically been handed the opportunity to develop another Bethesda but would be willing to throw it away in order to get higher tax revenue up front. It’s no wonder the county is broke and is labeled as anti business.

alester174

You also have to wonder why there hasn’t been more negative press and public outcry about the executive’s tax proposal. Groups like The MoCo Chamber of Commerce and the Coalition for Smarter growth should be all over this since they have a vested interest in seeing this sector plan implemented successfully. This tax proposal would basically stop all new development in the new white flint. Maybe the council would think twice about proposed taxes if its groups other then the developers saying that the executive’s proposal is anti-business and will hinder one of the regions top smart growth project.

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