City of Alexandria, Virginia
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MEMORANDUM
DATE: JUNE 4, 2026
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: JAMES F. PARAJON, CITY MANAGER
DOCKET TITLE:
TITLE
Resolution Approving the Term Sheet for the Redevelopment of the Potomac River Generating Station (PRGS) Property and Authorizing the City Manager to Negotiate and Execute Agreements to Implement the Project.
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ISSUE: Consideration of a potential public infrastructure investment to catalyze environmental clean-up, private investment, and economic activity of the long-vacant 18.87-acre site located at 1300 North Royal Street.
RECOMMENDATION: That City Council adopt the resolution attached as Attachment 3, which includes:
1. Authorization for the City Manager to negotiate and execute a performance agreement and any other related agreements, financing documents, and other instruments necessary or appropriate to implement the project and the terms of the Term Sheet, with content not substantially different from that which is outlined in Attachment 1, in order to induce redevelopment of 1300 North Royal Street, the former Potomac River Generating Station site.
2. Authorization and direction for the City Manager, subject to the receipt of landowner petition and compliance with all other legal requirements, to bring forward for Council consideration and first reading at a future legislative meeting, an ordinance creating a Community Development Authority.
3. Other related direction and authorization from the City Council related to the project.
BACKGROUND: PRGS is an 18.87-acre site comprised of a defunct coal-fired power plant, constructed from 1947 to 1957 to support the energy needs of the Washington D.C. area. PRGS required 33 tons of coal daily to operate when first opened, and for several years the facility was the single largest source of air pollutants in Northern Virginia. Its closure in 2012 was...
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