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Savage, MD · Municipal
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‘It feels like a desert’: Laurel Town Center struggles with vacancies
When Sia Finoh visits Laurel Town Center in South Laurel, she hopes to find places to shop and dine. Instead, she’s greeted by empty storefronts and cracked parking lots. “It feels like a desert,” the South Laurel resident said. “There’s basically nothing over there.”. Once a...
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Axios DC
D.C. developers weigh in on Janeese Lewis-George's housing promises
Mayor-elect Janeese Lewis George campaigned on protecting tenants while getting more homes built in D.C. — 72,000 in five years. Developers say she has her work cut out for her. Why it matters: D.C.'s development market has slowed dramatically amid federal job losses, unpaid rent, regulatory hurdles and high financing costs. What they're saying: Developers welcome JLG 's promise of higher-density development and expedited permitting, but say those changes alone won't be enough to fix the current market. "There needs to be a full-on PR campaign in D.C. to change the stigma around investing [here]," says Ian Ruel of commercial real estate group Feldman Ruel. Ruel says D.C.'s tenant-friendly policies have instead driven developers toward places like NoVA, which some see as "more pro-business" with "more perceived growth." Instead, several experts Axios spoke with want JLG to address the same thing right off the bat: unpaid rent. "It's fundamental, because without those rent revenues, buildings can't really operate," says Peter A. Tatian, an Urban Institute housing expert. "It's putting a lot of the housing at risk." Tatian also says stabilizing and preserving existing affordable housing should be prioritized before focusing on new builds. Reality check: Developers praised Lewis George's housing
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Mayor Scott charmed to make musical theater debut at Baltimore Center Stage
For one night only, Mayor Brandon Scott is trading City Hall for the theatrical stage as he makes a special cameo appearance in Baltimore Center Stage‘s production of “CHARMZ: The Other Reindeer.”. Scott will kick off the production’s run as he joins the cast for opening night on...