County Executive Marc Elrich on Friday vetoed a County Council bill that would provide tax incentives to housing developers for constructing high-rise buildings on top of Metro stations. Elrich called the measure “too costly” for Montgomery County.
However, because the council approved the bill 7-2, it would have enough votes to override Elrich’s veto. A minimum of six votes is needed for an override.
The bill, which the council approved on Oct. 6, would provide a break on property taxes to eligible developments for 15 years. It created a debate between Elrich and the council on the outlook for developing housing on top of stations.
The county has estimated that at least 8,500 units of affordable housing could be developed at Metro station properties, which currently have no high-rise developments. Up to 1,300 of those units could be affordable housing.
Click here to read the rest of the article written by Briana Adhikusuma over at Bethesda Magazine
