County Executive Marc Elrich on Aug. 28, 2026 signed Expedited Bill 31-26, authorizing up to $420 million in Tax Increment Financing bonds to fund public infrastructure for the VIVA White Oak development in Eastern Montgomery County. The $2.7 billion project, developed by MCB Real Estate on 280 acres near the FDA headquarters and Adventist HealthCare White Oak Medical Center, is the county's first use of TIF financing. Phase one is expected to be complete by 2033 and will include a Costco, roughly 1,000 apartment units, townhomes, and a town center with retail and a grocery anchor.
Was this useful?
Change response
Source: Press Release - Montgomery County, MD, “Montgomery County Executive Marc Elrich Signs $420-Million Bond Authorization, Clearing Way for $2.7 Billion VIVA White Oak Development”, received Aug 28, 2026.
See a mistake? Content and links are AI-processed from public county emails. If something is wrong or a source is missing, email corrections or read how we handle them.