Montgomery County has authorized up to $420 million in tax increment financing bonds for MCB Real Estate’s VIVA White Oak development, clearing a major infrastructure financing hurdle for the $2.7 billion Maryland project. The 280-acre plan combines housing, retail, medical office and life sciences space. Here is what the financing, timeline and phased buildout mean. Key Takeaways Montgomery County authorized up to $420 million in tax increment financing bonds for VIVA White Oak. The 280-acre development is being led by MCB Real Estate in White Oak, Maryland. Current county figures call for more than 4,400 residences and more than 3 million square feet of lab, office, medical-office and retail space. Construction is expected to begin in fall 2026, with development continuing in phases through 2044. The financing represents Montgomery County’s first use of a tax increment financing structure. VIVA White Oak Clears a Major Financing Hurdle The VIVA White Oak
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