Route One Market Study: The Basics

Patch has been talking a lot about a proposed in some of our articles lately. We thought you might like to know some of the basics.

What follows is information taken from memoranda and documents from the Hyattsville City Council.

The PDF attached is the study proposal from Hyattsville CDC Executive Director Stuart Eisenberg. Minor formatting changes have been made for ease in reading.

• The study will provide benchmark data to evaluate the impacts of recent investment in the Route One corridor as well as potential impacts that may created by the in Riverdale Park.

• The is requesting $5,000 for the study from Hyattsville, University Park, Riverdale Park, and College Park and the office of County Executive Rushern Baker, as well as other parties.

• If the City of Hyattsville were to commission a similar market study independently, we would bare all the costs, which would likely be as much as $30,000.

• The CDC is required to commence executing the agreed-upon activities under this agreement within 10 weeks of execution of the memorandum of understanding.

• A delivery date for the Final Market Study will be established within 90 days of the executed MOU.