On June 25 the Loudoun Economic Development Advisory committee met to develop specific suggestions to deliver to the Board of Supervisors on the issue of how business opportunities might grow around the Metro.
The EDAC is a public-private partnership hoping to promote long-term economic growth and development in the county.
"The EDAC has created a Silver Line Ad Hoc Committee to provide a business and employer-focused viewpoint to the board as the Silver Line CPAM-related activities are undertaken," said Buddy Rizer, Loudoun's director of economic development in an email to Rob Whitfield of the Dulles Corridor Users Group.
Many of the suggestions come in relation to a May 8 Metrorail presentation from the Urban Land Institute.
The presentation was given with intent to inform the writing of the Comprehensive Plan Amendment (CPAM) as well as to understand the economic potential of the Silver Line/Metrorail Tax District.
Special service districts were created around the planned Metro stations with the intent to help pay for the Metro construction and future maintenance.
The maximum tax rate for these districts would be 20 cents for every $100 of assessed property value.
A planned CPAM according to the county's website would strike a balance between prompt realization of tax revenues to “support future Metrorail operations; maximizing future employment generation; achieving the desired land use pattern; and minimizing demands on the county’s transportation infrastructure."
The ULI presentation mentioned changing trends which will ultimately affect the way Loudoun builds and how it does business.
Everything from the constriction of federal contracting dollars/office space to the move from drive-able suburban to walkable urban environments was discussed.
Urban walkable spaces account for around 1 percent of the geographic area in Northern Virginia, but 54 percent of the office space in the region.
Loudoun is beginning to develop urban walkable environments, but how they proliferate may depend on how the zoning is written.
Stick with us as the Silver Line story develops.
Be the first to post a comment!