Gov. Hogan gives green light to fund Ocean City Convention Center expansion

 

OCEAN CITY, Md. – Legislation authorizing funding of an expansion at the Ocean City Convention Center was signed by Governor Larry Hogan this week.

We’re told the expansion involves adding about 30,000-square-feet to the north side of the building, by knocking down an old part of the facility. Officials tell 47 ABC this means the state can now start selling the bonds to pay for the project, which should cost about $37 million. That’s a price tag that Mayor Rick Meehan says will easily allow the state to see a return on its investment.

“The thing that makes this project work for the city and the state is it’s a revenue positive project. The additional tax revenue that the state of Maryland will receive, on a yearly basis, exceeds the amount of the yearly bond indebtedness. So it’s really a revenue positive project,” says Rick Meehan, Mayor of Ocean City.

The groundbreaking for the expansion is set for this fall and should be complete by the spring of 2021. As for parking, this expansion should not eliminate any parking space currently at the center. But if it does, we’re told the town will monitor whether more parking should be added in the future.

Categories: Local News, Maryland