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Metropolitan DC Local Politics
Reply to "What’s happening with the old White Flint mall development?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The site isn’t commercially viable right now. The fact that it isn’t commercially viable tells you everything that you need to know about Montgomery County’s economy. [/quote] Alternative explanation: the property owners are sitting on it, waiting for ... something. [/quote] If the site were commercially viable now they wouldn’t be sitting and waiting. They would be building and making money. [/quote] Nope. That's something I don't understand about MoCo, lots of large pieces of commercial property that are just allowed to deteriorate and owners don't seem to care. [/quote] Land banking is not a only-in-MoCo phenomenon.[/quote] It’s harmful to communities and to the housing supply, which is why it should be taxed. You’d think that the YIMBYs would be screaming loudly about this at least in the interest of intellectual consistency but they never do. [/quote]
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