Prince George’s Designates National Harbor Extraordinary Development District
The Prince George's County Council unanimously approved a resolution Tuesday establishing the National Harbor Extraordinary Development District, opening the door for the County to use tax increment financing (TIF) to help fund future public infrastructure and redevelopment projects within a portion of National Harbor. The newly designated district covers part of the existing National Harbor Development District in Oxon Hill. The resolution establishes a special fund that will receive certain property tax revenues generated within…