Prince George’s County hopes mixed-use development will generate tax revenue that will reduce the county’s dependence on the property tax on homes. But recent commercial foreclosures throw doubt on those plans. The residential real estate market is troubled, too; in the second quarter of this year, one of every three foreclosures in Maryland was in Prince George’s County.
University Town Center, near a Metro stop in Hyattsville, was envisioned as a spur to revitalization of the area. But the sluggish economy hurt the development. Several University Town Center properties recently were sold at auction. A soup restaurant and an ice cream parlor at left have closed; the movie theater at right was one of the auctioned properties. Michael S. Williamson/The Washington Post Buy Photo