OXON HILL, MD — Enterprise leaders announced that Milt Peterson, a Washington-area actual property developer, died Wednesday at age 85. His household didn’t point out a explanation for loss of life.
Peterson was the founder and chairman of Peterson Firms, which constructed a number of cities across the Washington space. The enterprise was the mastermind behind Downtown Silver Spring in addition to Virginia’s deliberate communities of Burke Centre and Honest Lakes.
The corporate was greatest recognized, nevertheless, for setting up Nationwide Harbor in Oxon Hill. A number of brokers beforehand tried to groom the forgotten land, however Peterson was the one profitable one.
“He checked out a worn out sand and gravel pit on the Potomac River, and remodeled it into an internationally acknowledged vacation spot,” the Prince George’s County Financial Improvement Company stated in a press launch. “He stepped in the place many others earlier than him had failed, and made Nationwide Harbor a actuality … Prince George’s County is a greater place due to Milt Peterson.”
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Nationwide Harbor now welcomes 28 million annual guests, and it’s house to greater than 2,000 residents. The mixed-use growth has 160 shops and 40 eating places. It’s dotted with title manufacturers like Tanger Shops, MGM Nationwide Harbor Resort & On line casino and Gaylord Nationwide Resort & Conference Middle.
“Milt Peterson was a real visionary who remodeled Prince George’s County and the Washington area together with his close to limitless creativity,” Prince George’s County Council Member At-Giant Mel Franklin added in a press release. “Nationwide Harbor is and can all the time be a long-lasting tribute to his reminiscence.”
Prince George’s County Government Angela Alsobrooks mirrored on her conversations with the tycoon. She stated Peterson “worked relentlessly” to see Nationwide Harbor to completion.
“His enthusiasm and imaginative and prescient for Nationwide Harbor was completely contagious amongst Prince Georgians,” Alsobrooks tweeted. “He was actually one among a form and an amazing buddy to Prince George’s County.”
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Peterson and his spouse Carolyn additionally based the Peterson Household Basis in 1997. The charitable group has invested greater than $100 million in faculties, well being care, social companies and non secular teams throughout the DMV.
“Although Milt could also be gone, the values he instilled of integrity, belief, and respect will stay on and information all of us going ahead,” Peterson Firms wrote on Facebook.
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