A massive mixed-use project on 650 acres near the Maryland-Delaware line was unveiled Wednesday in this tiny, historic town as the ongoing roar of development in Cecil County continues.
Plans for the $700 million Southfields of Elkton include a 250-acre industrial park by developer Trammell Crow, 1,000 residential units and about 250,000 square feet of commercial and retail. A 50-acre sports complex is also planned and there could be a marina on a tiny sliver of waterfront once visited by George Washington.
About 1,000 new jobs are expected and Elkton officials said the town’s $1.4 billion annual taxable base is on the verge of getting its biggest boost ever.
The plans were detailed at Elkton Town Hall by Mayor Robert Alt and Chris Moyer, county economic development director. Developer Ray Jackson, principal of Monkton-based Stonewall Capital, is spearheading the project.