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marmar

(78,025 posts)
Tue Oct 15, 2024, 08:24 AM Oct 15

MDOT, Maryland Economic Development Corporation work to develop TOD areas along MARC Penn Line through new strategy




(MDOT) The Maryland Department of Transportation (MDOT) has launched a new strategy in partnership with the Maryland Economic Development Corporation (MEDCO) to spur development along the MARC Penn Line. These plans focus on laying out a vision for denser, mixed-use communities around transit hubs between Washington, D.C., and Baltimore. The plan provides a blueprint for unlocking economic opportunities at six train stops in the corridor with potential to create thousands of new jobs and yield more than $800 million in tax revenue for the state over three decades.

“At the Maryland Department of Transportation, we are committed to connecting all Marylanders to life’s opportunities. This strategic plan will not only help improve transit connectivity but will also lead to the creation of new jobs and more affordable housing options,” said Maryland Transportation Secretary Paul J. Wiedefeld. “The Penn Line is a critical asset to the region. The undeveloped land around its core stations presents a prime opportunity for equitable and inclusive development that will yield numerous economic benefits to the region in decades to come.”

The Penn Line Transit-Oriented Development (TOD) Strategy Plan presents market insight and recommendations for the development of 170 acres of undeveloped state-owned land around Penn Line stations, highlighting opportunities and challenges for public and private investment at Seabrook, Bowie State, Odenton, BWI Airport, Halethorpe and West Baltimore. Longer-term opportunities are also identified at the four stations north of Baltimore Penn Station: Martin Airport, Edgewood, Aberdeen and Perryville. ...............(more)

https://www.masstransitmag.com/rail/infrastructure/press-release/55235237/maryland-department-of-transportation-mdot-mdot-maryland-economic-development-corporation-work-to-develop-tod-areas-along-marc-penn-line-through-new-strategy




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