Thursday, September 26, 2024

Public hearing on Lakeforest Mall redevelopment agreement tonight in Gaithersburg


Gaithersburg's Mayor and City Council will hold a public hearing tonight, Thursday, September 26, 2024 at 7:30 PM, at 16 S. Summit Avenue, regarding the Development Rights and Responsibilities Agreement (DRRA) for Lakeforest Redevelopment, LLC. This is in relation to the redevelopment of the Lakeforest Mall site. A DRRA provides for "the creation of an agreement that can provide certainty and stability to developers, while allowing the City to negotiate enhanced public benefits in return," the City said in a statement. "A DRRA aims to enhance development flexibility, innovation, and quality, while ensuring the protection of public interests, health, safety, and welfare."

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