At Tuesday's council meeting, an emergency resolution was passed
to allow the issuance of bonds that will bring $140 million in proceeds to fund various Anacostia waterfront projects, including the waterfront park at The Yards
and Diamond Teague Park
. The money is coming from a Payment-in-Lieu-of-Taxes agreement for the Department of Transportation HQ
, land that can't be taxed by the city because it's federal property. The original PILOT bill
laying out the specifics was passed last October
and the city and DOT developer JBG signed the agreement in February
. I'm not 100% sure why there's now this new emergency resolution, although my bleary-eyed morning reading of it sees that perhaps the council was required to officially approve which projects were designated to get the funding. And, in order to issue the bonds before the end of this fiscal year, the council needed to act quickly, hence the emergency legislation.
A tidbit from the resolution: one of the projects listed as needing this funding is "a new ferry pier at the foot of First Street, SE"; this is the Diamond Teague Park location
that's right across the street from the ballpark
. I've been hearing rumors lately that the Anacostia Waterfront Corporation
has the building of this pier on a very fast track, with the intention of getting it ready by Opening Day 2008; there's scuttlebutt is that the permit applications have already been filed with the US Army Corps of Engineers, though I don't see evidence of that
just yet. Perhaps we'll hear more about this at tomorrow's hearing
on the move of the AWC into the Office of the Deputy Mayor for Planning and Economic Development.