City of College Park Worksessions Agenda Packet May 2026
Boulevard at 9091 Seeks PILOT and City Tax Credit
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Description
Metropolitan Development Group is seeking a 15‑year County PILOT and a 5–10 year City Revitalization Tax Credit to finance The Boulevard at 9091, a 244‑unit market-rate multifamily project with up to 10% workforce housing. The City of College Park is reviewing whether to issue a support letter and later grant a Revitalization Tax Credit once the County approves the PILOT.
Contract Details
Vendor
METROPOLITAN DEVELOPMENT GROUP
Agency
City of College Park, MD
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Proposed 15-year County PILOT; proposed 5–10 year City Revitalization Tax Credit term
Renewal Info
Developer anticipates a 15‑year County PILOT at 75% abatement and a separate City Revitalization Tax Credit for 5–10 years; both would expire at term end, after which full real property taxes would be due.
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