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Canal Place Preservation Director Urges City to Pursue Mitigation Credits for River Park Proposal

April 1st, 2021 by WCBC Radio

According to a consultant, plans for a proposed river park behind Canal Place could be eligible for mitigation credits to help finance the development of the site.  During a project update this week, William Atkinson of the Maryland Department of Planning reported that Water Land Solutions is studying the possibility of accessing $12 million to $15 million in financing through bankable mitigation credits. The concept of developing a whitewater river park on the Potomac River, with walking trails, kayak and canoe docks, parking spaces and a spectator viewing area, has been in the planning stages for several years. Canal Place Preservation and Development Authority Executive Director Dee Ritchie has spearheaded the effort, which she believes could provide a tremendous economic boost for the region…