A developer in southern Maryland is hoping to revitalize a community in Waldorf by "going green."
American Community Properties Trust was expected to announce plans today to double the size of the St. Charles community while reducing its carbon footprint with more environmentally friendly design.
The state isn't offering financial support, but Governor Martin O'Malley was scheduled to speak. The company has been hurt by flat housing prices and losses that led to a corporate restructuring last year, but still plans to break ground in January.
The company's chief executive told the Washington Post he expects home prices in St. Charles to remain depressed but said going green on such a large scale is meant to put the developer on the map.
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