The Montgomery County Council has approved the first-ever Tax Increment Financing (TIF) resolution to create the Viva White Oak Development District, clearing a major hurdle for a $2.8 billion mixed-use project planned for East County.
Viva White Oak will be built on roughly 280 acres of long-underutilized land near the White Oak area, adjacent to the Food and Drug Administration campus. Plans call for nearly 5,000 new residential units along with commercial, retail, and public spaces. The development will include parks, bike lanes, community trails, and other public amenities designed to improve connectivity and quality of life in the area.
County officials estimate the project will generate approximately 17,000 construction jobs and 9,000 permanent jobs. Once fully completed, Viva White Oak is projected to generate about $62 million in annual county revenue…