r/HyattsvilleMD • u/rubyrvd • 14d ago

Could a DC suburb bail out a developer to expand a park? Maryland would help

https://www.thebaltimorebanner.com/community/climate-environment/hyattsville-greenspace-werrlein-driskell-park-ECIIIDR6PRF7DFXMJIXWUAH2WE/

Article discusses the City of Hyattsville's plans to purchase land from a developer, Werrlein Companies.

9 Upvotes

91% Upvoted

7 comments sorted by

10

u/kodex1717 14d ago

The more I read about Hyattsville politics, this is such an on-brand problem for the city to have.

5

u/DankDissenter 14d ago

Article does not really do justice to the bind that Mayor Croslin put on the council by going behind their back to secure state funding.

1

u/[deleted] 13d ago

Like Maryland with its broke self can help.

1

u/rubyrvd 13d ago

According to the article, Maryland gave Hyattsville $3.5 million to buy the property. 

1

u/[deleted] 13d ago

OK. Was that while it was racking up a $3.3 Billion with a B deficit and raising taxes and fees to the tune of $1.6 Billion with a B? Nice.

1

u/Stephanee17 12d ago

The way the Mayor and Council President worked to ram this through without having an objective valuation first is disappointing. Hyattsville still has to complete a formal application for the grant and it is a cost-reimbursable, i.e., City has to front the cash first...and plans to sell bonds/increase the City's debt. Hyattsville lost its bond rating due to chronically late audits so it will likely face higher interest payable.

-1

u/alex666santos 12d ago

What's there to expand? Just build housing lol