Downtown McLean could see new development over the next 10 years, after Fairfax County adopted a new program last Tuesday making it cheaper and faster for developers to build in revitalization districts.
Developers whose plans meet certain criteria could benefit from real-estate tax breaks, a 10% reduction in site plan fees and a fast-tracked process for zoning applications if they build in McLean, or one of the other five revitalization district in the county.
The Board of Supervisors adopted the Economic Incentive Program on Sept. 15 to give the private sector incentives to revitalize and redevelop properties in a half-dozen commercial revitalization districts, including McLean.
The program was established by an ordinance that amends the county code.
Other qualifying districts include:
- Baileys Crossroads/Seven Corners
- Areas along Richmond Highway, including suburban areas and part of the Huntington Transit Station Area
- Springfield, except the single-family portion of the Springfield Transit Station Area
To qualify for the lower costs and faster application processes, developments must be commercial, industrial or multi-family residential. Proposals need to be new and should consolidate at least two neighboring parcels of land totaling at least two acres.
Proposals need to align with the county’s Comprehensive Plan for redevelopment, and follow all laws and policies regarding affordable housing.
Developers will only receive tax breaks for their proposals if they act within the 10-year timeframe specific to their revitalization area. McLean’s window for the tax cut starts on July 1, 2024 and lasts through June 30, 2034.
The county plans to make the application process and forms available later this fall. Those who are interested can connect with county staff and discuss their eligibility by emailing Community Revitalization Section Director Elizabeth Hagg at [email protected]