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Near Southeast DC Past News Items: Mar 01, 2006
In the Pipeline
25 M
Yards/Parcel I
Chiller Site Condos
Yards/Parcel A
1333 M St.
More Capper Apts.
Yards/DC Water site
New Marine Barracks
Nat'l Community Church
Factory 202/Yards
SC1100
Completed
Thompson Hotel ('20)
West Half ('19)
Novel South Capitol ('19)
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
New DC Water HQ ('19)
Yards/Bower Condos ('19)
Virginia Ave. Tunnel ('19)
99 M ('18)
Agora ('18)
1221 Van ('18)
District Winery ('17)
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)
 
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2 Blog Posts

That screeching sound you hear is the brakes grinding on Mayor Bow Tie's attempt to use revenue left over from the debt service on the stadium to pay for cost overruns. In "D.C.'s Mayor Draws Fire on Stadium Plan," from Thursday's Post, city council members express, shall we say, displeasure over the idea. I think Tony has it right: "People feel betrayed on both sides," Williams said of the council and MLB. "There's bad faith on both sides. And I think the only thing everybody agrees on is they don't like me." Someone wake me up on Tuesday, when we see how this turns out; having to go through this uncertainty for a fourth time is just absurd.

More posts: Nationals Park
 

Thursday's Post has "Williams Digs Up More Stadium Cash", about a plan by Mayor Bow Tie to use "$20 million in excess revenue from a gross-receipts tax on businesses, a utility tax on businesses and federal buildings and taxes from concessions at Robert F. Kennedy Memorial Stadium [to pay for cost overruns on the new baseball stadium]. Those taxes were implemented last year to pay off debt service on the construction bonds. Williams aides have told baseball officials that revenue leftover after debt service can be used for overruns, if necessary." But MLB said it was unaware of the plan, council members either wouldn't comment or complained that it would violate the cap legislation. The doom and gloom portion of the article: "The latest negotiations appear to be the final chance to resolve the standoff before Monday, the deadline set by the council for MLB to endorse the spending cap. If baseball officials reject the cap, the stadium dispute could enter binding arbitration. That would cause a delay of as much as six months and open the possibility that the Washington Nationals could be moved elsewhere.Baseball officials have made it clear that they do not want the Nationals' owner to have to pay for cost overruns for the stadium along the Anacostia River in Southeast. Over the past two weeks, the Williams administration has sought to assure MLB that another source of revenue is available." Whee! Time to start up the rollercoaster again.
UPDATE, 12:37 pm: The AP reports: "Williams says he had a conference call with MLB officials today, and promises the deal will get done before Monday's deadline. The mayor says reports that he has dug up 20 million dollars to help cover cost overruns are inaccurate. He says everything he is considering is in compliance with legislation passed by the DC Council. Williams says developments over the past year have left feelings of bad faith and uncertainty on both sides. "
UPDATE, 1:57 pm: For a little bit of atmosphere as to how all this is playing, I suggest Thomas Boswell's column.
UPDATE, 2:36 pm: From early this morning, sorry I'm only now seeing it, is a DC Wire blog entry from David Nakamura with a tiny bit more detail (including that Kwame Brown is against the plan), although how this squares with the AP story from a few hours later, I don't know.

More posts: Nationals Park