Archive: Economic Development
LCOR Chosen for Tenley Project
The District has chosen LCOR to develop the 3.6 acre Tenley Library/Janney Elementary School development site. Mayor Adrian M. Fenty made the announcement at a news conference this morning. "We've got a real opportunity to leverage this site to help pay for the cost of improving Janney Elementary, enhance the...
By Marcia Davis | July 10, 2008; 03:33 PM ET | Comments (1)
CFO Gandhi Warns About Over-Borrowing
Chief Financial Officer Natwar M. Gandhi released his annual debt letter to Mayor Fenty and the D.C. Council today, heightening previous alarms that the city is at risk of borrowing too much money for its economic development projects. Gandhi issued a similar letter a year ago and is again calling...
By David A Nakamura | July 9, 2008; 04:07 PM ET | Comments (2)
O Street Market Gets a $35 Million Boost
Many worried about the historic O Street Market may rest a little easier with the news that the city will kick in on the $260 million redevelopment project being led by Roadside Development. Mayor Adrian M. Fenty announced a $35 million tax increment financing package for the project yesterday in...
By Marcia Davis | June 28, 2008; 09:07 AM ET | Comments (7)
More Development Along the Anacostia River
Mayor Adrian Fenty announced today that the city is seeking bids for a master developer for the 50-acre site next to RFK Stadium known as Hill East, which includes the defunct D.C. General campus. The project will be the second major development along the Anacostia River announced by the...
By David A Nakamura | May 14, 2008; 01:18 PM ET | Comments (7)
Convention Center Head Resigns
Reba Pittman Walker resigned yesterday from her position as chief of the Washington Convention Center Authority. Look for more details in Sunday's Post....
By Marcia Davis | May 3, 2008; 01:12 PM ET | Email a Comment
Are the Days Numbered for the D.C. Sports and Entertainment Commission?
This afternoon, Gregory O'Dell, chief executive of the D.C. Sports and Entertainment, will throw out the first pitch at the Washington Nationals' game. It's good he's getting the chance now because it is not clear what the future holds for his agency. Some D.C. Council members are itching to get...
By David A Nakamura | April 30, 2008; 10:56 AM ET | Email a Comment
A Piece of the Economic Pie
Nyasha Harley, a graduate of the Excel Institute, completes a tune up on a MetroAccess van. (By Nikita Stewart) The issue that seems to be crystallizing in the District lately is how to get more residents in on what remains of the economic boon that the city has experienced...
By Marcia Davis | April 16, 2008; 03:45 PM ET | Email a Comment
Is It Affordable or Is It Not?
The District will soon begin scrutinizing developers who get public land or public financing to make sure they actually keep their promises to build affordable housing, as well as to hire District residents during construction, contract local minority-owned businesses and meet environmental standards. A bill, sponsored by Council Member Kwame...
By Sylvia Moreno | April 2, 2008; 07:00 AM ET | Email a Comment
Five in Five: Wal-Mart Focuses on Small Businesses
Who says Wal-Mart isn't making inroads into the District? After deciding Brentwood, which just so happens to be in Ward 5, was not the right place to call home a few years ago, the giant discount chain has come bearing gifts. It is giving free advertising to several businesses in...
By Yolanda Woodlee | March 31, 2008; 06:55 AM ET | Email a Comment
The New Ward 8
A lot has been made about Mayor Adrian Fenty's consistent appearances in Ward 8, the city's poorest ward that has long been clamoring for the kind of economic development that has swept through much of the rest of the District over the past half dozen years. Some say Fenty is...
By David A Nakamura | March 25, 2008; 12:11 PM ET | Comments (1)
What About Us Small Guys?
The opening of the DC USA mall on 14th Street, with big draws like Target, brought with it the promise from District officials that the city would give some spruce-up money to small ethnic neighborhood businesses that have long catered to multicultural Columbia Heights. Want some yuca con mojo...
By Sylvia Moreno | March 21, 2008; 07:18 PM ET | Comments (1)
