Part of the final deal worked out between General Growth Properties and the county in the enabling legislation for the redevelopment of Columbia Town Center is that ownership of Merriweather Post Pavilion will eventually be transferred from GGP to the county.
Once GGP reaches a benchmark of 5 million square feet of new development in Town Center, the the company will relinquish ownership of the outdoor music venue. This will occur after GGP has renovated the property.
The redevelopment program calls for approximately 13 million square feet of retail, commercial, residential, hotel and cultural development. This transfer would occur at about the midpoint of the development cycle.
Preserving and maintaining Merriweather Post Pavilion has long been a priority of the county executive Ken Ulman and now it appears that he has insured that it will remain a fixture in the county for the foreseeable future.
The Principal of the Thing
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