WBJ: ABDO Nixes Arbor Place Plans

Jim Abdo announced the cancellation of plans to construct a 16 acre, mixed-use, development. The parcel that was to house the development, known as Arbor Place, was bounded by New York Avenue, Montana Avenue and Bladensburg Road. It was hoped the project would spur other development, and the cancellation cannot be good news to Ward 5 Councilmember Harry Thomas as election season approaches. Abdo blamed the change in plans on the tight credit market, saying it was virtually impossible to launch a 1.1 billion dollar project like this in such conditions.   Jim Abdo, who had contractual control of the land, but did not own it, has pledged to help the owner find an alternative use for the property. The Washington Business Journal reports.