Sep 30, 2009
Convention Center Hotel Once Again in Danger
The hugely delayed Washington Convention Center Hotel deal, which in July appeared to be back on track thanks to a city-brokered public financing deal with developers, is once again in trouble. Developer JBG Cos. is suing to stall the start of construction, claiming that the contracting process that gave a 99-year lease to Marriott was not up to snuff, the Washington Business Journal is reporting. The lawsuit could very well mean that the sale of…
Jun 18, 2009
Posturing on Convention Center Hotel Plan Begins
Photo by Grundlepuck 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…
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…