The Arlington-based Mills Corp. announced yesterday that it plans to open its more than 200-store Arundel Mills mall by the fall of 2000 near Baltimore-Washington International Airport.
County Executive Janet S. Owens will follow through with a commitment made by former County Executive John G. Gary and borrow $28 million this year, starting July 1, to build roads and sewers for the development, said Ron McGuirk, co-leader of Owens' transition team.
McGuirk said an analysis of the arrangement shows it is a good deal for the county because the mall will generate millions in tax revenue. The $28 million will be paid back through a special tax district created for the mall, McGuirk said.
The mall will employ 3,000 people, making it the second largest employer in the county, according to a news release from the Mills Corp. Construction is expected to begin in May.
The mall, which will be near the intersection of Route 100 and the Baltimore Washington Parkway, may have 18 to 24 large anchor stores, 200 specialty shops, restaurants, theaters and electronic games, according to the Mills Corp.
Pub Date: 2/24/99