MARC Train

Howard County Council weighs special taxing district in Laurel

Howard County Council weighs special taxing district in Laurel

Howard County Council members worked at their session on Thursday to better understand how the creation of a special taxing district in Laurel could impact both residents and a planned development.

A bill being considered would establish the special taxing district as part of a tax incremental financing deal, or TIF, for a proposed 64-acre development near the Laurel Park racetrack and MARC station. The county must create the special taxing district in order to freeze any future tax gains from the development and direct that money to fund the effort.

Track owner Stronach Group is developing the project, which includes approximately 1,000 residential units, 127,000 square...

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