The revival of Columbia's stagnant downtown by a Dallas-based developer is still in its formative stage, but the 30-year "smart growth" plan could generate more than $300 million annually in state and county tax revenue, according to the Howard County Economic Development Authority.
Richard Story, CEO of the Economic Development Authority, disclosed that figure to the County Council on Wednesday night, one night after the developer, General Growth Properties, provided little in the way of details about its plan.
Though not pledging his support publicly, Story told the council, "We would like to see economic development with whichever plan emerges."
Story went on to say that construction of the project could have a $4.8 billion annual impact in the county and could create 30,000 jobs in the county over the three decades that it could take to finish the project. Those jobs would generate another $5.7 million in annual income taxes for the county, he said.
This week's meetings, which were to inform the public before legislation is introduced in the next month, is expected to stir plenty of debate for the most radical overhaul of Columbia in the 40 years since its inception.
Proponents say that GGP's vision is not that different than the one James Rouse first espoused.
GGP wants to rebuild the city from its core. In doing that, GGP has proposed building 5,500 residential units to attract businesses downtown, as well as improve the infrastructure of many existing villages.
Those skeptical of the plan contend that a more urban environment will add to gridlock and put a strain on public services. Those against the plan also question whether GGP, which is in bankruptcy protection, has the financial wherewithal and fortitude to stick with a project
Speaking to those who have expressed doubts about Columbia's increased urbanization, GGP Vice President Greg Hamm told the council, "There's a concern that someone will go to bed on a Monday night and get up on a Tuesday morning and see trees going down and Manhattan going up. That's not possible."
Hamm said GGP's plan includes building on Rouse's vision by making the roadways more pedestrian-friendly, improving bus transportation by creating a hub within Columbia (and possibly getting light rail to the downtown area) and contributing $5 million to affordable housing.
But some worry that the council is moving too quickly in voting on GGP's plan - and is making a mistake by combining a bill that would change the county's General Plan with separate legislation revising specific zoning regulations. Some residents would prefer action on General Plan changes before any votes are taken on zoning language.
Alan Klein, whose Coalition for Columbia's Downtown has cautioned officials not to allow developers too much influence, said the principles initially proposed by Rouse are very much the same as those being proposed by GGP - but the priorities are much different.
"Jim Rouse listed making money at the end. These people, their job is to make money," Klein said. "They've got a business to run."
