Maryland board formally OKs developing area near FedEx Field

ANNAPOLIS, Md. (AP) — Maryland officials have voted to formally begin the process of issuing up to $400 million in bonds for developing an area around FedEx Field in Prince George’s County known as the Blue Line Corridor.

The Maryland Board of Public Works is comprised of Gov. Wes Moore, Comptroller Brooke Lierman and Treasurer Dereck Davis. They voted 3-0 on Wednesday for a memorandum of understanding for the development.

State and local officials have emphasized that the plan is to develop the area regardless of where the NFL’s Washington Commanders decide to play after the team’s lease ends in 2027 at FedEx.

PHOTO INFO: Maryland Gov. Wes Moore, center, speaks during his first Board of Public Works meeting as governor on Wednesday, Jan. 25, 2023 in Annapolis, Md. Treasurer Dereck Davis, left, and Comptroller Brooke Lierman, right, are the panel’s other two members. At the meeting, they voted for a memorandum of understanding that formally began the process of issuing up to $400 million in bonds through the Maryland Stadium Authority for developing an area around FedEx Field in George’s County known as the Blue Line Corridor. (AP Photo/Brian Witte)

Source: AP – All contents copyright 2023 Associated Press.  All rights reserved.