Bladensburg Market Feasibility and Economic Analysis
Title:
Bladensburg Market Feasibility and Economic Analysis
Author:
The Maryland-National Capital Park and Planning Commission
Prince George's County Planning Department
Publication Date:
05/01/2022
Source of Copies:
The Maryland-National Capital Park and Planning Commission
14741 Governor Oden Bowie Drive
Upper Marlboro, MD 20772
Number of Pages:
50
Issuu Document Name:
bladensburg_final
The subject of this analysis (the “study area”) comprises 17.36 acres of approximately 67.5 acres in the Town of Bladensburg in Prince George’s County, Maryland, that was identified in the 2009 Approved Port Towns Sector Plan as the Town Center Character Area. This market feasibility and economic analysis explores if there is a market for mixed-use development in the study area, then tests if redevelopment is financially feasible from a private investor’s perspective. Feasibility is then tested under the County’s prior Zoning Ordinance and the Zoning Ordinance that went into effect April 1, 2022. The analysis has 10 sections. The executive summary summarizes the findings and makes recommendations for next steps. The initial sections describe existing conditions and trends, regional dynamics impacting market potential, and Bladensburg’s strengths and weaknesses. The market analyses follow these sections. Development scenarios are tested for financial feasibility in the final section.
Bladensburg_final
