Results tagged “southwestwaterfront”

Ward 6 D.C. Council member Tommy Wells is first out of the gate with a statement admonishing his colleagues for considering diverting funding away from longstanding projects in order to fund the construction of a new Convention Center Hotel. Word of such discussions, which would involve taking away dedicated subsidies from projects like the Southwest waterfront, the Capitol Riverfront, the Skyland Shopping Center and the O Street Market, first surfaced earlier this week.

The Washington Business Journal's Jonathan O'Connell follows up on the ongoing Washington Convention Center Hotel saga to report that city officials are discussing taking roughly $700 million in subsidies that have already been passed for other projects and diverting them to the hotel. The argument goes that a number of high profile development projects, including the Southwest waterfront, the Capitol Riverfront, the Skyland Shopping Center and the O Street Market, have long been stalled by the collapse of the lending market, so those allocated subsidies are sitting dormant in the meantime. But such a course of action would of course be very tricky for D.C. Council members who represent the neighborhoods that would then lose their public funding for those projects. The scheme could pose particular problems for Ward 2's Jack Evans, who would be forced to weigh the hotel, which is in his Ward, against longstanding promises to make the O Street Market project a priority. In May, Evans pushed through a $1 million grant to the developers of the O Street Market in Shaw.

Yesterday's legislative action in the D.C. Council, typical of end-of-session days, was jam-packed with votes. Here's a few more you may have missed: >> The Council moved ahead on a bill that restricts interest rates levied by the so-called payday loan industry, an issue we've looked at before. The bill passed on an initial reading, and if implemented would place a 24 percent annual percentage rate cap on interest charged by lenders. The Examiner notes...

FRIDAY: >> By far one of the most fun bar nights in town is always where ever the Guerrilla Queer Bar Takeover kids end up -- the mingling of gays and straights in D.C. ever a combination as terriffic as chili and cheese. So you can bet we'll be swinging by to celebrate the Third Anniversary of the Guerrilla Queer Bar Takeover at Black Cat tonight. The takeover starts in the Red Room at 9...

The Southwest Waterfront exemplifies one of the District's most obvious failings -- the city's inability to exploit property along the shores of the Anacostia and Potomac rivers. Much like the dismal, though improving Georgetown waterfront, the Southwest Waterfront is a soul-starved stretch of concrete and uninspired architecture. Shut off from the rest of the city by federal lands and a highway, the area has never much taken on a life of its own. That's soon to change, and today we can see just how.

Do you ever ride the D.C. Circulator? If not, today might be the day -- it's free.

Written by DCist contributor Rob Birgfeld While stories are often traded about "that guy" who made millions because he was ahead of the real estate curve, few match that of a Brazilian family interested in little more that auto repair. Just one year after riots decimated much of downtown Washington in 1968, Pedro Petrovich opened an auto repair shop on 13th Street, one block north of Logan Circle. Soon after, he moved Petrovich Auto Body...

Holy crap! There was a tornado in the Tidal Basin yesterday, and the rest of the weekend promises to bring another deluge. Nevertheless, we've got some recommendations to keep you dry and having fun. FRIDAY: >> Talented local artrockers Metropolitan hosts a record release party at the Black Cat for their third CD, "The Lines They Get Broken." Aqueduct and Federal City Five open. 9:30, $8. >> The Brindley Brothers, local musicians and owners of...

Mayor Williams has made it known: He is not happy with Fannie Mae, the home mortgage loan giant that pulled out of an agreement to develop a new office complex at the Waterside Mall site in Southwest D.C. In fact, Williams and other city officials are trying to figure out if the District has any way get some money back. And one member of the D.C. Council says Fannie Mae could potentially pay $200 million...