It certainly doesn't feel like it's the case, so you might be surprised to find out that the District of Columbia thinks that Near Southeast is worth about $1.5 billion more than it was a year ago, at least in terms of the latest tax assessments
now available. With a total assessment last year of around $4.5 billion for the blocks bounded by the SE Freeway, South Capitol Street, and the Anacostia River (to just west of the Sousa Bridge), this bump up edges the neighborhood's "worth" to just over $6 billion.
A chunk of that change is coming from the first official assessment of Nationals Park
, valued at $999,982,800 (geez, Mr. Tax Assessor, just round it to $1 billion and be done with it), a rise of nearly $650 million from the assessed value of just the land last year. Blocks that saw projects get completed in 2008 (70/100 I
, 100 M
, and 55 M
) got hefty bumps in their valuations, while other spots (20 M
, the Capper
, Maritime Plaza
) saw their assessments go down.
I created a report
comparing 2008 and 2009's numbers overall and by block, though I wouldn't swear to the exactness of each number down to the penny (but they're probably close enough).
As for the trend of the overall valuation of Near Southeast over the past nine years, it's still *up*: