The Prince George - Planning, Housing and Economic Development Committee convened on April 7, 2025, for a budget work session focused on the Financial Services Corporation, Economic Development Corporation, and Redevelopment Authority. The meeting addressed several key topics, including project delays, funding updates, and the management of surplus properties.

The session began with a discussion on funding for nonprofit organizations, highlighting the recent release of funding opportunities by the Community Investment Grant (CIG) program. A second iteration of the Community Partnership Investment Program (CPIP) is expected to open for applications in the summer, with rolling applications available.

The committee then turned its attention to project delays, starting with the Suitland development. Ashley Green reported that entitlement issues are currently hindering progress, primarily due to a legal matter. The team is working through the necessary phases with engineers and developers to resolve these issues.

Next, the Addison Road project was discussed. It was noted that while the Development Site Plan (DSP) has been approved, the project is awaiting closure with the Community Development Administration, with expectations to move forward with construction by summer.

The Chevrolet project was confirmed to be on schedule, while the Marlboro infrastructure and redevelopment project faces delays due to funding activation for due diligence.

A significant portion of the meeting focused on the management of surplus properties. The committee clarified that while the Redevelopment Authority (RDA) administers the surplus property process, the funds are managed by the Office of Community Services (OCS) under a shared formula. An inventory list of surplus properties is expected to be provided by May 1, which will aid in decision-making for future property management.

The meeting concluded with a commitment to improve communication regarding surplus properties, ensuring that council members receive timely updates and information to facilitate informed discussions.

Overall, the session underscored the importance of addressing project delays and enhancing the management of surplus properties to support economic development in Prince George's County. The committee looks forward to further updates and progress in the coming months.