PRGS Site Infrastructure Financing and Redevelopment
Summary
Council approved key agreements and development plans for the massive PRGS site redevelopment at 1300 N. Royal Street, adding strict rules to ensure the old power plant is fully cleaned up before new buildings open.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Last discussed Jun 13, 2026.
Impact analysis
Substantial private investment in multi-unit residential, commercial, and public open space infrastructure.
The community gains new public open space along the Potomac River, linear park connections, and mixed-use housing.
Nearby residents expressing concerns regarding construction dust, noise, traffic, and environmental safety during simultaneous deconstruction and building.
Mentions & discussions (5)
City Council Public Hearing — June 13, 2026
Council approved key agreements and development plans for the massive PRGS site redevelopment at 1300 N. Royal Street, adding strict rules to ensure the old power plant is fully cleaned up before new buildings open.
Alexandria City Council unanimously approves first phase of Potomac River Generating Station redevelopment, $135 million financing package
Alexandria City Council unanimously approves first phase of Potomac River Generating Station redevelopment, $135 million financing package The Alexandria Brief
City Council Legislative Meeting — June 9, 2026
The city is weighing a $135 million TIF term sheet to fund public infrastructure and environmental remediation at the former power plant site at 1300 North Royal Street. This catalyst project will bring housing, open space, and commercial uses, though neighbors have raised questions about environmental protections and remediation oversight.
Planning Commission Public Hearing — June 2, 2026
HRP Potomac LLC is moving forward with a massive multi-year project to remediate and transform the 19-acre former coal-fired power plant site into 800+ housing units, commercial spaces, and 5 acres of public parks.
City Council Legislative Meeting — April 28, 2026
City officials and developers presented a proposed $135 million tax increment financing (TIF) agreement to kickstart the long-awaited cleanup and redevelopment of the 19-acre Potomac River Generating Station site. The project will bring over 2,000 housing units, public parks, and over $2 billion in private investment.
Related development
PRGS Redevelopment Infrastructure (1300 North Royal Street)
Transforms the former power plant site into a mixed-use waterfront neighborhood with parks.
PRGS Redevelopment Blocks B, C & Open Spaces
Replaces a shuttered power plant with over 800 homes, retail, and 5 acres of public parkland.
Potomac River Generating Station (PRGS) Redevelopment
Will transform a contaminated industrial waterfront site into a vibrant mixed-use neighborhood with over 2,000 housing units, public parks, and significant tax revenue.
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