PGCo Business: Laurel, MGM, McCormick

Old Bay leaving Maryland? MGM hires company, construction starts in weeks, Laurel Town Center adds more retail and eateries, Check out the MGM agreement with County on hiring

Laurel Town Center RenderingLaurel Town Center added new stores Buffalo Wild Wings, Nando’s Peri Peri, Sarku Japan, Moe’s Southwest Grill, Extreme Pita, Modo’s Nail Bar, Hair Cuttery and a U.S. post office have just to its retail line up that already includes Regal Cinemas, Old Navy Sports Authority, Outback, and the first Harris Teeter in Prince George’s County.  Party City, Burlington Coat Factory and Massage Envy spa are already open; hmmm, didn’t know that.  I really hope they’re able to woo stores and restaurants that take things to that next level.  I enjoy  Nando’s Peri Peri and my last pair of Old Navy Jeans lasted a whopping 5 year,s but we in PGCo still need a range of offerings.

 
Whiting Turner ContractingMGM Resorts has chosen, Whiting-Turner Contracting Co., a Baltimore-based contractor to build its new casino resort at National Harbor in Prince George’s County.  Construction on the resort is expected to start in 6 weeks.  Wow.  Whiting-Turner Contracting Co.  will be the lead contractor and oversee all construction for the $1 billion project which also included the hiring of dozens of subcontractor companies and about 2,000 workers. Whiting Turner’s portfolio includes such projects as the Potomac Yards Marriott, Medieval Times Discover Mills, University Town Center in College Park, and Virginia’s Museum of Fine Art.  MGM won a license in December to open a large casino and resort complex near the Potomac River. It would include a 300-suite hotel, a casino and seven restaurants.The projected opening date for the new resort is summer 2016. Whiting-Turner also built the Horseshoe Baltimore casino backed by Caesars Entertainment, as well as M&T Bank Stadium and several hotels in the District of Columbia.  Whiting-Turner was picked, MGM officials say, for its national and regional portfolio, and because it “shares MGM Resorts’ core values, striving to engage local and minority business operators at every opportunity and in every market the company operates.”  “This is a Maryland-based company with an admirable record and reputation in Prince George’s County,” MGM National Harbor President Lorenzo Creighton said in a statement. “Whiting-Turner has stayed true to its roots and we feel will be the perfect partner to bring to life our vision for MGM National Harbor.”
MGM National Harbor AerialMGM and Prince George’s County Executive Rushern Baker sign Community Benefits Agreement (CBA).  Here’s the gist of the agreement from Washington Business Journal. Do you believe this will all happen or are is this all pie in the sky? I want to believe but I taste pie.:
The CBA must still be approved by the County Council, which was briefed on its details Tuesday in executive session. That vote won’t come until at least mid-July, roughly when MGM is expected to start construction. MGM National Harbor is expected to open in July 2016. Site work is well underway.
Cherry Pie SliceNow, to the benefits:

  • Before opening, MGM must contribute $250,000 to the nonprofit Community Foundation, $250,000 to still-to-be-determinated programs or organizations that benefit the county and $500,000 to workforce training efforts.
  • After opening, MGM must give $150,000 per year — in perpetuity — to the Community Foundation and $250,000 per year to organizations that benefit the county.
  • MGM will accept up to $100 million in private investment in its project, including up to $30 million from county residents. It will be up to MGM whether to provide tiered investment opportunities.
  • Contracting goals, construction: MGM must make its best efforts to hire 30 percent minority business enterprises, 12 percent county-based MBEs, and 16 percent local business enterprises, which may include outside entities with offices in Prince George’s. The “aspirational goal,” that is, Frome said, “what you shoot for,” is 35 percent, 15 percent and 20 percent, respectively.
  • Contracting goals, operations: Best effort to hire 20 percent county-based MBEs, 30 percent aspirational.
  • Employment goals, construction: Best effort to hire 20 percent county residents, 30 percent aspirational.
  • Employment goals, operations: Best effort to hire 40 percent county residents in years one and two, 45 percent in years three and four and 50 percent in year five. The aspirational goal is 50 percent on the day MGM National Harbor opens.
  • MGM will pay the salary of a compliance manager to ensure MGM is following the agreement. The manager will be a county employee.
  • If it fails to hit its marks, or to demonstrate it made a best effort, MGM will be liable for $30,000 per item in liquidated damages, up to $300,000 per year.
  • MGM will lease the shuttered Thomas Addison Elementary School in Oxon Hill for $1 per year, until six months after the resort opens, for employee recruitment and training, offices and construction staging. During its lease term, MGM will invest $4 million in upgrades to the school, and when the lease is up, the renovated building will be turned back over to the county.
  • MGM will offer 10 internships per year, sponsor 25 summer youth jobs annually and establish a culinary program, most likely at Potomac High School.

Old Bay McCormickIf you aren’t familiar with Old Bay Seasoning then you just can’t be from this area.  Old Bay’s parent company,  McCormick & Co. Inc., currently located 20 miles north of Baltimore in Spark, MD,  is considering relocating its corporate headquarters to another part of Maryland or possibly completely out of state to Pennsylvania, Northern Virginia, or Delaware.  Baltimore Business Journal reported that McCormick & Co. Inc. would like to have it’s corporate staff moved into a new headquarters by April 2018.  Every Maryland official with a hindpart needs to get off of it and keep McCormick & Co. Inc. in Maryland.  This company employs over 2,400 Maryland residents, 800 of which are spread out in four corporate offices.   Alan Wilson, McCormick’s chairman, president and CEO, met with Baltimore County Executive Kevin Kamenetz and the county’s head of economic and workforce development “to talk about a range of issues,” said Fronda Cohen, a county spokeswoman. “We feel confident that McCormick is going to stay where its roots are and keep its headquarters here, where it has significant manufacturing operations,” Cohen said.  In the meantime, McCormick issued  a request for information through its real estate consultant, CBRE Group Inc., providing a closer look at its wish list. A Baltimore Business Journal said that the RFI document shows that McCormick is open to moving into either a single building or campus and plans to issue a more detailed request for proposals in August.

 
 
 
 
 
 

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Comments (1)

Man, that casino was designed by some sort of Aztec Futurist Bauhaus nut job. That’s not architecture, that’s just bad science fiction.

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