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From the Post's DC Wire blog: "City officials are close to finalizing a deal to build a new convention center hotel without having to secure an additional hundreds of millions of dollars in public financing, officials said today. Under the framework of the agreement, the city and the convention center authority will put up an additional $80 million. The city earlier had pledged $187 million for the project, which has languished due to tight credit markets. The rest of the money for the $537 million project will come from private sources. Frustrated that the hotel project had yet to break ground, convention center and D.C. Council members began exploring earlier this month whether the city could secure full public financing for the project. They argued the city was losing convention business to neighboring jurisdictions. But Chief Financial Officer Natwar M. Gandhi, who was worried about the District breaching its debt limit, helped broker a deal in which Capstone Development will team with ING to secure private financing, sources said. The project is slated to be a 1,167 Marriott Marquis, which would be one of the city's largest hotels."
More here. Now to wait and see where that extra $80 million will come from...
UPDATE: WBJ reports on the near deal, which includes this: "The developers and key members of the D.C. Council began considering alternatives and Thursday said they had found one. In it, the Washington Convention Center Authority would contribute an $80 million loan -- a far smaller price tag than the mayor proposed -- and the developers would raise their equity participation from $135 million to $320 million with the backing of ING Clarion Real Estate Investment, the U.S. subsidiary of ING Real Estate and one of the city's largest property owners."
UPDATE II: The Examiner's story, with this morsel: "Evans, chairman of the Finance and Revenue Committee, said he hoped to forestall the 'hysteria' of people thinking their projects were being eliminated. No projects will be dropped, he said. 'We're heading in the completely opposite direction,' he said."
UPDATE III: And the Post's for-print-publication version of their article, with a slightly less snarky Evans quote: "In recent days, some community and political leaders became concerned when the Washington Business Journal published a story suggesting that some development projects would have to be scrapped so the hotel could be built without exceeding the city's debt limit. Evans said the prospect of full public financing appears to have motivated the developers into putting up the equity so they could gain more of the profits. 'It caused everyone to focus, step up and get it done,' said Evans, who added that he hopes the council will vote on the proposal next month so construction can begin in the fall."
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Mark_M says: (6/18/09 9:51 PM)
Does this now mean that the convention center hotel will now NOT be "taking" money from the Near SE projects as earlier thought?


Joe in DC says: (6/19/09 9:13 AM)
Mark that seems to be the case. Ahhhhh... now that is what I call a creative solution to a pesky financial problem. Lets be frank here, there was no "hysteria" as our esteemed council member Evans has been publicly quoted. Its called citizen action. Shocker!!! Who knew?

Had not the citizens of this city with a vested interest in the Near S.E/Navy Yard & the S.W. Waterfront put the council on notice that we were not going to quietly stand by while our interests were trampled on, the outcome may have been very different. The stakes are too high and the possibility that a dreadful outcome could have occurred is too real. Hysteria-schmeria! It is our right and our duty to stand up and have our voices heard. It is interesting how quickly the council and developers were able to come up with the necessary financing for the hotel once they got caught with their hands in the cookie jar. They wanted an easy and expeditious solution to building the new hotel and were willing to do it at our expense.

Folks, we may have other tricky issues ahead of us (hopefully not), but we must be willing to fight for the type of community we have been sold. The Near S.E/Navy Yard and neighboring S.W Waterfront is poised to be the envy of the city and I for one will do my part to ensure that it is. Thank you to all of you who got involved on this issue and most of all, thank you JD for your tireless efforts on behalf of the Near S.E.

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City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
900 B/O POTOMAC AVE SE   THEFT F/AUTO
 08/17/15
500 B/O L ST SE   THEFT F/AUTO
 08/17/15
UNIT B/O K ST SE   THEFT F/AUTO
 08/16/15
500 B/O L ST SE   THEFT
 08/08/15
UNIT B/O I ST SE   BURGLARY
 08/07/15
300 B/O WATER ST SE   THEFT
 08/05/15
UNIT B/O I ST SE   THEFT
 08/04/15
50 B/O M ST SE   THEFT
 08/04/15
400 B/O M ST SE   THEFT
 08/03/15
1100 B/O NEW JERSEY AVE SE   THEFT
 07/29/15

Recent Issued Building Permits Archive  
1277 1ST ST SE   
08/11/15 
BALLPARK RESIDENTIAL LLC / RICHARD V CAREY
P1508164 / SUPPLEMENTAL
   
08/21/15 
BALLPARK RESIDENTIAL LLC BALLPARK RESIDENTIAL LLC / CLINT HOLMES; BALLPARK RESIDE BALLPARK RESIDENTIAL LLC; MITCH PERMUY
E20139177 / SUPPLEMENTAL
1000 5TH ST SE   
08/18/15 
UNITED STATES OF AMERICA / JOSEPH M MAGNOLIA
P1508371 / SUPPLEMENTAL
1150 5TH ST SE   
08/10/15 
DEPARTMENT OF GENERAL SERVICES DC PUBLIC SCHOOL / DEPARTMENT OF G DC PUBLIC SCHOOL
B1511234 / CONSTRUCTION
REVISION TO B1511107 TO CORRECT QUADANT ON ADDRESS FROM 1150 5TH STREET N.E. TO 1150 5TH STREET S.E. TO UPGRADE THE ELECTRICAL SERVICES OF A DISTRICT OF COLUMBIA PUBLIC SCHOOL FROM 1200AMP TO 3 000 AMP.
   
08/11/15 
PEPCO PEPCO
AH1500668 / CONSTRUCTION
INSTALLATION OF CABLE AND METERS
1220 12TH ST SE   
08/13/15 
WASHINGTON GAS LIGHT CO / JOHN GIUSEPPE-RAMCO
B1509350 / CONSTRUCTION
RENOVATIONS TO EXISTING 3RD FLOOR OFFICE SPACE EXELIS AS SHOWN ON THE ATTACHED MECH. PLUMB. ELECT. FIRE PROTECTION DEMOLITION AND ARCH. DWGS. INTERIOR WORK ONLY. NO CHANGE IN US. NO STRUCT. WORK.
909 HALF ST SE   
08/13/15 
BAKER DC LLC / CHRISTINE LONG
AH1500677 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 11:00PM FRIDAY THRU 11:00PM SATURDAY
   
08/18/15 
BAKER DC
AH1500686 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 12:01AM WEDNESDAY THRU 11:59PM THURSDAY. 1-49 BLOCK OF K ST SE
   
08/21/15 
BAKER DC / CHRISTINE LONG
AH1500695 / CONSTRUCTION
AN AFTER HOURS PERMIT IS FROM 12:01AM THRU 11:59PM FROM 08 / 25 / 2015 TO 08 / 29 / 2015
1015 HALF ST SE   
08/13/15 
HALF ST SE LLC / GREGORY E LIGON
E1508399 / SUPPLEMENTAL
   
08/17/15 
HALF ST SE LLC / ANTHONY G SAMBURG
E1508502 / SUPPLEMENTAL
   
08/20/15 
WSP PARSONS BRINCKERHOFF / STEVE AUD; WSP PARSONS BRINCKERHOFF; STEVE AUD
E95740122 / SUPPLEMENTAL
1220 HALF ST SE   
08/12/15 
BUFFALO WILD WINGS / NICOLE WHITE; BUFFALO WILD WINGS; GREG CONCANNON
AR49901357 / SUPPLEMENTAL
   
08/13/15 
BUFFALO WILD WINGS / BELA X-PEDITERS PLUS INC.
AH1500681 / CONSTRUCTION
WORK AFTER HOURS 7PM-7AM. 8 / 13 / 2015 TO 9 / 13 / 2015
601 L ST SE   
08/17/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / KRISSY GER LISA LJ PERMIT
B1510955 / CONSTRUCTION
REVISION TO B1101058 MINOR GRADING REVISION
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502944 / SHOP DRAWING
TYPE OF ELEVATOR ONE (1) HYDRO / STEEL / CENTRALLY / PASSENGER TO PROVIDE ACCESS BETWEEN G AND G2 FLOORS AS PER PLANS.
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502945 / SHOP DRAWING
TYPE OF ELEVATOR: TWO (2) TRACTION / STEEL / CENTRALLY / PASSENGER (5TH FLOOR).
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502970 / SHOP DRAWING
TYPE OF ELEVATOR ONE (1) TRACTION / STEEL / CENTRALLY / PASSENGER (6TH FLOOR).
   
08/20/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARK A DORSEY
EN1502971 / SHOP DRAWING
TYPE OF ELEVATOR ONE (1) TRACTION / STEEL / CENTRALLY / PASSENGER (6TH FLOOR).
80 M ST SE   
08/24/15 
COLUMBIA PROPERTY TRUST / KRISTINA DELGADO
B1510944 / CONSTRUCTION
PARTIAL 4TH FLOOR RENOVATIONS INCLUDING MECHANICAL PLUMBING ELECTRICAL AS WELL AS FURNITURE INSTALLATION.
20 M ST SE   
08/19/15 
SOUTHEAST REALTY LLC / ELEANOR FARID; SOUTHEAST REALTY LLC; RODNEY CANNON
E69278004 / SUPPLEMENTAL
50 M ST SE   
08/11/15 
MILLER?LONG
TC1500036 / CONSTRUCTION
TOWER CRANE FOR JOB SITE USE
   
08/13/15 
MILLER?LONG MILLER?LONG
AH1500674 / CONSTRUCTION
AFTERHOURS TO PUT UP TOWERCRANE WITH 200 TON MOBILE CRANE SATURDAY 8 / 15 / 2015 AND 8 / 16 / 2015 FROM 5AM TO 9PM
   
08/14/15 
KCG 50 M LLC / JOSEPH E RICHARDS
E1508432 / SUPPLEMENTAL
   
08/21/15 
KCG 50 M LLC / DANIEL R. RUDE
P1508460 / SUPPLEMENTAL
55 M ST SE   
08/19/15 
DOUG OLSON / DOUG OLSON; NONE
SG1500414 / CONSTRUCTION
NEW SIGNS INSTALLATION AS PER PLANS
1100 NEW JERSEY AVE SE   
08/11/15 
CHRISTOPHER CONDON
PC69159304 / POST CARD
INTERIOR DEMOLITION OF NON-BEARING ELEMENTS IN A SPACE UP TO 5 000 SQUARE FEET (464.5 SQUARE METERS)
1500 SOUTH CAPITOL ST SE   
08/14/15 
P1508259 / SUPPLEMENTAL
301 WATER ST SE   
08/12/15 
LUMBER SHED LIC / ROBERT WATTS; LUMBER SHED LIC; ROBERT WATTS
E99575145 / SUPPLEMENTAL
355 WATER ST SE   
08/14/15 
TIAN LUU / TIAN LUU; TIAN LUU; JAMES BORROR
E95497821 / SUPPLEMENTAL
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;

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