Since January, 2003
            
 Sliding from Before to After

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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Recent Crime Incidents Archive  
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/15/19
100 B/O H ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 07/14/19
300 B/O TINGEY ST SE   ASSAULT WITH A DANGEROUS WEAPON  07/14/19
900 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 07/09/19
300 B/O TINGEY ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/09/19
1100 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 07/08/19
300 B/O K ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/05/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 07/03/19
1200 B/O VAN ST SE   THEFT
Theft First Degree (all Other Larceny)
 07/02/19
700 B/O L ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/02/19
54 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/28/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/24/19
300 B/O K ST SE   HOMICIDE
Murder I
 06/22/19
50 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/21/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/21/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/20/19
100 B/O H ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 06/19/19
400 B/O M ST SE   THEFT
Shoplifting
 06/19/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 06/18/19
400 B/O M ST SE   THEFT
Shoplifting
 06/17/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 06/16/19
50 B/O M ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 06/16/19

Recent Issued Building Permits Archive  
1100 2ND PL SE   
06/25/19 
SQUARE 769N OWNER LLC / THANOS VOREAS
EG1903573 / POST CARD
1212 4TH ST SE   
06/27/19 
FC 1212 LLC / MARK J. RHOTON
E1908902 / SUPPLEMENTAL
1000 5TH ST SE   
07/10/19 
JW ELECTRIC SERVICE / null
E1909222 / SUPPLEMENTAL
   
07/03/19 
UNITED STATES OF AMERICA / TANYA HILL; ALI NAIM
B1911904 / CONSTRUCTION
INSTALL NEW PARTITION AND DOOR IN EXISTING CLASSROOM TO MAKE TWO CLASSROOMS.
100 M ST SE   
06/19/19 
PARSONS / KENNY MERINO; NA
B1908795 / CONSTRUCTION
Interior Demolition and Renovation to 684 Sq Ft of work in order to reduce suite space.
   
07/12/19 
SQUARE 743 INC / KIM MITCHELL
D1900787 / CONSTRUCTION
INTERIOR DEMOLITION WITHIN AN OFFICE SPACE ON THE 9TH FLOOR (MULTI-TENANT FLOOR) IN AN EXISTING OFFICE BUILDING
250 M ST SE   
06/26/19 
BAKER DC LLC / CHRISTINE LONG
AH1901008 / CONSTRUCTION
An after hours permit is respectfully requested from 3AM to 7AM daily
139 N ST SE 20024   
07/12/19 
UNITED STATES OF AMERICA / PAUL E WARREN; PAUL E WARREN
E1909292 / SUPPLEMENTAL
640 SOUTH CAPITOL ST SE   
07/12/19 
CONSOLIDATED RAIL CORPORATION / HARIF BALOGUN; GEOCAPITAL ENGINEERING LLC GEOCAPITAL ENGINEERING
SB1900354 / CONSTRUCTION
We propose drilling six (6), six-inch diameter geotechnical test borings (B-1 to B-6) using the hollow stem auger method to evaluate the subsurface conditions. The proposed test boring depths will be 85 feet below the existing ground surface. If a confining unit is encountered, outer casing will be installed which will extend 10 feet into the top of the confining unit or to the top of bedrock.
300 TINGEY ST SE 170   
07/09/19 
FC BOILERMAKER LLC / GERALD ROPER
B1814633 / CONSTRUCTION
INTERIOR DEMOLITION AND RENOVATION ONLY. DEMOLITION TO INCLUDE REMOVAL OF EXISTING PARTITIONS, KITCHEN EQUIPMENT, AND FINISHES. NEW WORK TO INCLUDE NEW PARTITIONS, MILLWORK, FINISHES, KITCHEN EQUIPMENT (INCLUDING 1 NEW HOOD), AS WELL AS MINOR INTERIOR-ONLY MECHANICAL AND ELECTRICAL MODIFICATIONS. HVAC EQUIPMENT ON EXISTING OUTDOOR MECHANICAL MEZZANINE TO REMAIN. NO MODIFICATIONS TO EXISTING HISTO...
300 TINGEY ST SE   
06/26/19 
FC BOILERMAKER LLC / ADAM C. MARSON
M1903231 / SUPPLEMENTAL
   
07/12/19 
FC BOILERMAKER LLC / DOMINIC E TOTARO; DOMINIC E TOTARO
M1903450 / SUPPLEMENTAL
355 WATER ST SE   
07/10/19 
UNITED STATES OF AMERICA / JOHANNA DELONY
TN1900122 / CONSTRUCTION
Sterne Kessler Crab Feast--1 40'x 100' tent, with 372' of white picket fencing; no generators.
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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Project Directory
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909 New Jersey Ave. ('09)
55 M ('09)
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70/100 I ('08)
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Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
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Marine Barracks ('04)


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