Apex Building in Bethesda to be sold (CCT tunnel under Wisconsin Ave)

Our Community Forums General Discussion Apex Building in Bethesda to be sold (CCT tunnel under Wisconsin Ave)

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  • #1041720
    mstone
    Participant

    Yes, good on MoCo for not handing over $70M in extra profits to the building owner. This turned out as a good example of responsible stewardship of public money.

    #1041751
    PotomacCyclist
    Participant

    It was a relatively easy call for the County. They knew that the owners would get a lot more money from redevelopment, whether or not it was the County that bought the building or a private party. So the owners were likely to come around eventually because it was in their long-term best interest to do so, financially speaking. I don’t believe the building is residential, so there are no residents that will lose their homes. The pharmacist group will have to move but that’s not a major hardship, not when they will be rolling in all the money they will receive. I know I would gladly move a few blocks down the street if someone paid me millions of dollars to do so.

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