Since January, 2003
            
 (a random before-and-after moment)
February 19, 2006
August 11, 2016
5th at K, Looking South (see more)

Just out from Tommy Wells's office:
"(Washington, DC) - Councilmember Tommy Wells issued a statement today regarding the recent reports of the District's interest in delaying committed community development dollars to publicly fund a downtown Convention Center hotel.
Stated Councilmember Wells, "I am asking the Chief Financial Officer and my Council colleagues to cease discussion about the possibility of delaying the TIF and PILOT funds promised to the Southwest and Capitol Riverfront communities and incorrectly stating the projects are not on track. It is unwise for the City to even suggest going back on its commitment at the exact moment the project is moving forward to attract private financing. If attempted, it would create uncertainty and jeopardize the jobs, affordable housing, retail amenities and public investment that have been promised to our residents."
"The District has just finished the Land Disposition Agreement and a Memorandum of Understanding between all lease holders, allowing the Southwest development team to move ahead with the amenity based project," added Wells.
Wells concluded, "Diverting funding away from the Southwest and Southeast neighborhoods at this time in favor of a fully government funded mega hotel breaks the promise we made to our residents that we are ready to move forward."
UPDATE: From the comments, one commenter says another commenter received an e-mail from Jack Evans, saying the following:
"The Council is not considering eliminating subsidies to neighborhood development projects the Council has previously approved. Projects such as O Street Market, which of course is of paramount importance, and projects in other wards will continue to move forward. Frankly, the biggest impediment to moving forward on some of these projects is not the public financing aspect but the ability to raise private equity--which as you can well imagine can be quite difficult these days.
"The Council, Mayor, and CFO, however are examining the actual debt service needs of each project on a fiscal year by year basis. In general, we tend to over-reserve debt authority on these projects. If we re-align these authorizations with what the projects are likely to require in actual debt service in FY 10 - 13, then it becomes more plausible to finance the new convention center hotel publicly while staying under the 12% debt cap. After FY 13 it is likely District revenues will continue to grow as the economy strengthens and the overall debt cap becomes less and less of an issue. So at this point all we are doing is exploring whether we can finance the hotel while continuing to move projects forward by better managing our debt.
"The Committee on Finance and Revenue, which I Chair, is holding a joint public hearing on the financing for the new Convention Center hotel next Wednesday, June 24th at 11 am and I invite everyone to testify. I think it is especially important for folks to come and emphasize how important it is to build the hotel and move forward so it is open by January 2013 when we have our first bookings in the hotel. I remain open minded as to how we finance the project, but our timeframes are fairly short here and we'll have to take final actions and move forward in the next few months. "
Comments (9)
   
 

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Comments

MJM says: (6/18/09 12:20 PM)
Well said, it is a start


Joe in DC says: (6/18/09 1:23 PM)
A great big thanks to Councilman Tommy Wells. Apparently, he gets it. His comments were very wise and so very true. Let us not forget that the D.C. tax payers are already on the hook for untold millions of dollars to help finance the building of the new National's stadium. It behooves the council to continue to support the redevelopment of the S.E. & S.W. Waterfronts into powerful tax generating entities. A fully developed SE/Navy Yard area will go far in helping DC residents recoup thier tax dollars invested into the stadium.

Lets keep the pressure up on the rest of the council. A few folks have contacted me for form letters. I also have all email addresses for the entire council and contact page for the Mayor. Folks, we need you to act today. Let your voice be heard!

Councilman Wells, thank you for your loyal support.


blah says: (6/18/09 2:20 PM)
Can we clarify this... the stadium was financed with bonds, right? Not tax payer dollars.


JD says: (6/18/09 2:23 PM)
That is correct, the money for the stadium did not come out of the DC general fund--it was via a sale of bonds that are being repaid by taxes on sales at the ballpark plus a tax on businesses in the city.


Joe in DC says: (6/18/09 2:56 PM)
Yes. Thank you for the clarification JD. So in effect... our taxes... one way or another.

The bottom line is that this issue is about commitment by the DC government. Period! They have made a commitment to the SE and SW waterfronts and many of us bought into (literally) their grand plan for these areas. The DC govenment needs to ensure that they finish what they started.


Shawn says: (6/18/09 3:01 PM)
Yes, it is true that the actual construction was financed with bonds. But, Joe in DC is also right -- you need to read the fine print -- because these revenue bonds are "guaranteed" with taxpayer dollars, and significant public funds have nevertheless been invested in the stadium and surrounding community, just not the actual construction itself. When local governments claim that something like a stadium is financed through bond sales, they are not telling you the entire truth. This often gets smaller communities into trouble when they find out how outrageous the incidental, non-construction costs (that are a direct expenditure)can be.

Shawn


Joe in DC says: (6/18/09 3:59 PM)
Folks, the following is a reply from Councilman Jack Evans to a letter sent by Sophia regarding this subject. Please read below...(Joe in DC)

Sophia- The Council is not considering eliminating subsidies to neighborhood development projects the Council has previously approved. Projects such as O Street Market, which of course is of paramount importance, and projects in other wards will continue to move forward. Frankly, the biggest impediment to moving forward on some of these projects is not the public financing aspect but the ability to raise private equity  which as you can well imagine can be quite difficult these days.

The Council, Mayor, and CFO, however are examining the actual debt service needs of each project on a fiscal year by year basis. In general, we tend to over-reserve debt authority on these projects. If we re-align these authorizations with what the projects are likely to require in actual debt service in FY 10 - 13, then it becomes more plausible to finance the new convention center hotel publicly while staying under the 12% debt cap. After FY 13 it is likely District revenues will continue to grow as the economy strengthens and the overall debt cap becomes less and less of an issue. So at this point all we are doing is exploring whether we can finance the hotel while continuing to move projects forward by better managing our debt.

The Committee on Finance and Revenue, which I Chair, is holding a joint public hearing on the financing for the new Convention Center hotel next Wednesday, June 24th at 11 am and I invite everyone to testify. I think it is especially important for folks to come and emphasize how important it is to build the hotel and move forward so it is open by January 2013 when we have our first bookings in the hotel. I remain open minded as to how we finance the project, but our timeframes are fairly short here and well have to take final actions and move forward in the next few months.



Jack



Glenn says: (6/18/09 4:06 PM)
The love affair with this hotel is really very strange.


Jason says: (6/18/09 4:53 PM)
I also heard from Vincent Gray:

"I do not support taking funds from these other projects for the hotel. We are working on other solutuions. You should hear something very soon.

Vince"

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Recent Crime Incidents Archive  
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 10/17/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/13/19
80 M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/11/19
100 B/O M ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 10/10/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/10/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 10/10/19
500 B/O L ST SE   THEFT
Theft First Degree (all Other Larceny)
 10/08/19
1400 B/O 11TH ST SE   ASSAULT WITH A DANGEROUS WEAPON  10/08/19
1200 B/O VAN ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 10/03/19
1200 SOUTH CAPITOL ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 10/03/19
1100 B/O HALF ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 10/02/19
800 B/O VIRGINIA AVE SE   ROBBERY
Assault W/i To Commit Robbery (simple Assault)
 10/02/19
700 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/24/19
900 B/O 4TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/23/19
1200 B/O 1ST ST SE   ROBBERY
Assault W/i To Commit Robbery (simple Assault)
 09/23/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/21/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 09/19/19

Recent Issued Building Permits Archive  
1300 4TH ST SE   
10/07/19 
DFM DEVELOPMENT SERVICES, LLC / ARI BELMONTE; KONE
EN1903394 / SHOP DRAWING
Installation of (2) MRL KONE elevators in single hoistway. 15 Landings.
900 5TH ST SE   
10/08/19 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / TIMOTHY S CLEMONS; TIMOTHY S CLEMONS
M2000081 / SUPPLEMENTAL
   
10/08/19 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / RICHARD V CAREY; RICHARD V CAREY
P2000201 / SUPPLEMENTAL
   
10/15/19 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / WILLIAM B. CRIST; WILLIAM B. CRIST
E2000633 / SUPPLEMENTAL
4 I ST SE   
10/07/19 
CRESECENT CAPITOL VIEW MF LL / KIM MITCHELL; BEN KUNKLE
B1912371 / CONSTRUCTION
Third Party Review - Revision to Permit B1804349 (Approved Under the Velocity Program),Revision associated with additional occupiable spaces provided at the "Roof Floor" with corresponding egress, revised common space layouts and corresponding use and occupancy calculations, revisions to ground floor retail south entrance and amenity spaces at the ground level.
409 I ST SE 20003   
10/11/19 
JOSEPH KOCH / null
P2000322 / SUPPLEMENTAL
409 I ST SE   
09/27/19 
JOSEPH KOCH AND ELLEN FONG / ELIZABETH S MITCHEL; ELIZABETH S MITCHEL
B1915266 / CONSTRUCTION
Interior alteration including new kitchen, master bathroom and loft.
   
10/15/19 
SCOTT A FAULK TRUSTEE / FRED LATIMORE
E2000620 / SUPPLEMENTAL
100 M ST SE 200   
10/09/19 
SQUARE 743 INC / ;
P2000249 / SUPPLEMENTAL
100 M ST SE 7TH FL   
09/26/19 
SQUARE 743 INC / ;
P1909869 / SUPPLEMENTAL
100 M ST SE 7TH FLOOR   
10/03/19 
3NW 100 M STREET LLC / DANNY L COLEY; DANNY L COLEY
E2000146 / SUPPLEMENTAL
100 M ST SE   
09/24/19 
SQUARE 743 INC / PHILIP J. MISEY; PHILIP J. MISEY
E1911913 / SUPPLEMENTAL
   
09/25/19 
SQUARE 743 INC / NAVID PARTOVI; NAVID PARTOVI
M1904391 / SUPPLEMENTAL
   
09/27/19 
SQUARE 743 INC / MIGUEL A. MOROTE; MIGUEL A. MOROTE
E1912028 / SUPPLEMENTAL
250 M ST SE   
09/26/19 
SQUARE 769 LLC / JEFFREY D WOLF
AH1901292 / CONSTRUCTION
After Hours permit is respectfully requested from 3 am to 7 am daily.
   
10/03/19 
SQUARE 769 LLC / STEVEN CHEN
AH2000003 / CONSTRUCTION
Work Onsite Only - Columbus Day
300 M ST SE   
10/01/19 
FEDERAL CENTE LP C/O CHARLES E SMITH / DANI B RADOYE; TBD
B1908440 / CONSTRUCTION
interior build out new tenant into existing space to include installation of cabinetry, flooring, wall base, ceiling system, and light fixtures, hvac system and distribution / difusers, electrical panel / equipment, accessible restrooms,drinking fountain and service sink. First 1st floor only.
   
10/17/19 
FEDERAL CENTER LP / SUKWON KIM; SUKWON KIM; NA
SG1900286 / CONSTRUCTION
To install a set of illuminated LED channel letters on raceway onto wall
139 N ST SE 19714   
10/01/19 
DISTRICT OF COLUMBIA / MIKE BOONE
AH1901332 / CONSTRUCTION
PEPCO-WO#1588714505-ALLEN / EFF / PATRICK-CREWS WILL BE CHANGING A TRANSFORMER.
861 NEW JERSEY AVE SE   
10/09/19 
GRAYSTAR GP 11,LLC / KIM MITCHELL; NA TBD
SH1900078 / CONSTRUCTION
Phase 2 - Excavation and support of excavation within 50' of DC Water Trunk Sewer line include pile installations
1275 NEW JERSEY AVE SE 20003   
10/14/19 
BROOKFIELD PROPERTIES / null
P2000362 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE STE# 102A   
10/17/19 
SQUARE 742 LLC / STEPHEN TAYLOR; CHRIS PADBERG
B1913851 / CONSTRUCTION
Convert 'office' tenant space to 'The UPS Store'. Interior work only. minimum work done. 990 sq ft. No plumbing. Change diffusers and ceiling tiles. Install UPS furniture and add a few outlets.
1100 NEW JERSEY AVE SE   
09/26/19 
SQUARE 742 LLC / ;
P1909863 / SUPPLEMENTAL
   
10/01/19 
SQUARE 742 LLC / SUKWON KIM; SUKWON KIM; JJ ELECTRIC SERVICE, INC
SG1900513 / CONSTRUCTION
To install a set of LED channel letters "SUBWAY"
   
10/17/19 
SQUARE 742 LLC / WILLIAM SNODDY; TBD
B1915102 / CONSTRUCTION
Revision to previous permit number B1911194 Expansion of Tenant's Current suite into Adjacent Suite has already been "white boxed". Expansion space to consist only of workstation and Offices. Some Minor Demolition will occur in tenant existng suite in order to rework existing tenant entry and enlarge tenant reception. addition of storage closet will be added in place of existing corridor.
   
10/17/19 
SQUARE 742 LLC / WILLIAM SNODDY; CHRIS CONDON
B1913780 / CONSTRUCTION
Tenant Finish Out. Existing Conditions to be Demolished and New Space Built to Landlord Standards to Include new Ceiling grid lighting and Finishes **LEVEL 2 ALTERATION
1275 NEW JERSEY AVE SE   
10/03/19 
UNITED STATES OF AMERICA / JUSTIN BELLOW;
SH1900050 / CONSTRUCTION
Sheeting and shoring for new building
1299 NEW JERSEY AVE SE   
09/24/19 
UNITED STATES OF AMERICA / FRED T FALCONE; FREE STATE DRILLING INC
SB1900446 / CONSTRUCTION
Six 7 inch hollow stem auger probe borings to 60ft and the installation of 2.75inch inclinometer casing.
301 TINGEY ST SE C-1   
10/03/19 
SEFC 160, LLC / JEFF NOLD
AH2000017 / CONSTRUCTION
CCTV Inspection of sewer system. on 3rd Street SE btween Tingey St. & Water St.
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

Real Property Sales Archive  
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