LAUREL, Md. (AP) — The Intercounty Connector will be extended to Route 1 and Maryland will build a new interchange on Interstate 95 as part of a deal between government officials and the developers of a mixed-use project in northern Prince George’s County.
Gov. Martin O’Malley and Prince George’s Executive Rushern Baker announced the agreement Tuesday with the developers of the project known as Konterra. The deal settles a lawsuit with the developers over land the state tried to obtain through eminent domain.
The developers will now donate the land in exchange for a variety of road improvements. Among them: the extension of the ICC east to Route 1 and a new interchange connecting I-95 with Contee Road Extended.
Konterra is expected to create 30,000 jobs and generate nearly $100 million in tax revenue.
(Copyright 2011 by The Associated Press. All Rights Reserved.)