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Three Sites Considered For Potomac Yard Metro

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A planned Potomac Yard Metro station will add another stop along the Blue and Yellow lines in Northern Virginia.
Jeff Wheeler
A planned Potomac Yard Metro station will add another stop along the Blue and Yellow lines in Northern Virginia.

In the next decade, Metro riders will have another stop on the Blue and Yellow Lines. City leaders in Alexandria are examining three different potential locations for a new Metro station at Potomac Yard. One site is at a residential development known as Potomac Greens. Another is behind the Target on Jefferson Davis Highway. A third proposal would create an elevated station similar to the one planned for Tysons Corner in Fairfax County.

Alexandria transportation director Rich Baier says the final selection will be based on which plan is most cost effective: "The Potomac Yard Metro is being paid for in a lot of ways, always, by the economics that it generates."

The new Metro station is expected to cost about $240 million, and Alexandria has to pick up the cost with no federal or state money. So city leaders have put together a financing plan that would ask developers to pay for about a third of the cost. Most of the money would come from higher property taxes in Potomac Yard and a tax-increment financing plan that would capture growth in revenue created by the development. That means that putting the station in the right spot is a matter of geography and economics.

Deputy City Manager Mark Jinks says property owners in a special tax district will pick up the rest of the tab: "In north Potomac Yard, it's an add-on of 20 cents that's been added onto the real-estate tax bills above and beyond the city's existing tax rate. That also goes into the bucket for 30 years."

Next month, city leaders will lay out the cost for each of the three potential locations.

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