Completion Is Too Distant For Strapped Developers
By Katherine Shaver
Washington Post Staff Writer
Sunday, August 23, 2009
When Maryland officials promote plans to build a $1.68 billion Purple Line between Bethesda and New Carrollton, they often tout the power of light rail lines to transform older, struggling areas into thriving new hubs of transit-focused development.
They visualize worn, 1950s-era strip malls in places such as Langley Park being replaced with pedestrian-friendly communities of high-rise homes, offices, restaurants and shops clustered around train stations.
But missing from such visions have been the developers who would have to carry them out. With a few exceptions, they have remained conspicuously quiet as Maryland officials begin this fall to seek critical federal funding for the 16-mile project.
Full article at http://www.washingtonpost.com/wp-dyn/content/article/2009/08/22/AR2009082200861_pf.html