Economic Development - Charles County Waldorf Urban Redevelopment Corridor Authority - Established

SB 952 establishes the Waldorf Urban Redevelopment Corridor Authority in Charles County to revitalize neighborhoods in State Legislative Districts 27A and 28. The authority, created as a state instrumentality, must coordinate with residents on revitalization plans, modify boundaries via specific votes, and operate tax-exempt in certain circumstances. It is exempt from most state procurement and finance laws but must follow public meetings and ethics rules. The authority aims to promote economic development, retain/attraction of businesses, and support housing/commercial projects while becoming self-sustaining by 2036. This directly affects Charles County residents, local businesses, and developers within the designated corridor.