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In a move aimed at boosting revenue and spurring economic development, the state of Maryland announced today that it will be leasing several parcels of state-owned land to private developers. The leases, which were approved by the Board of Public Works, are expected to generate millions of dollars in revenue for the state while also creating new job opportunities and attracting investment to the region.One of the key leases approved by the Board of Public Works is a 99-year lease for a prime parcel of waterfront property in Baltimore. The property, located in the bustling Harbor East neighborhood, will be leased to a developer who plans to build a mixed-use development featuring luxury residential units, office space, and retail shops. The lease is expected to bring in millions of dollars in lease payments to the state over the course of the 99-year term.Another lease approved by the Board of Public Works is for a parcel of land in Montgomery County, where a developer plans to build a state-of-the-art research and technology campus. The campus is expected to attract top-tier research institutions and technology companies, creating a hub for innovation and economic growth in the region. The lease agreement includes provisions for job creation and investment in infrastructure projects in the surrounding area.Governor Larry Hogan praised the leasing agreements as a smart and strategic move to unlock the economic potential of state-owned land. "By leasing these parcels to private developers, we are not only generating revenue for the state, but we are also creating opportunities for job growth, investment, and economic development in Maryland," said Governor Hogan in a statement.The leasing agreements are part of a broader effort by the state to maximize the value of its assets and spur economic development across Maryland. State officials are hopeful that the new developments on leased land will attract investment, create jobs, and boost the local economy in the coming years.