Latest Kwame Brown/Southwest Waterfront Development Drama
From the Washington Business Journal:
After completing a long-delayed hearing Thursday on a land deal for redevelopment of D.C.’s Southwest waterfront, Councilman Kwame Brown, D-at large and chair of the Economic Development Committee, cancelled a mark-up on the project Friday and is preparing new legislation that would make considerable changes to the deal.
The $1.5 billion project requires the District to transfer 16 acres of land to the developers, led by PN Hoffman and Struever Bros. Eccles & Rouse.
Although he and the rest of the council approved $198 million in public financing for the project months ago, Brown is expected to propose new requirements for rental units, a second appraisal of the land value, and a deadline for the developers to get a financing commitment and other measures. He was vetting the idea with fellow councilmembers Friday afternoon.
Comments
Leave a Reply
You can follow any responses to this entry through its comments RSS feed.
Blogs Linking to this Article
-
Linked From: December 16th, 2008Kwame Brown and Mayor “Work Cooperatively” On Southwest Land Transfer Resolution - Housing Complex - Washington City Paper
9:50 am[...] the last week, I’ve blogged a few times about Councilmember Kwame Brown’s various moves with a bill that would convey 16 acres of land by the Southwest Waterfront to [...]
9:47 pm
dear kwame, stop being a wanne be linda crapp oopps cropp
jus t because you think the deal was not good enough you want more history marks us that everytime there is a major development some council member wants voice their non caring opinion you better learn from past historical mistakes jake kent cook and the original design for the stadium9FOOTBALL),NATIONAL STADIUM, AND THE NOW PENDING SOCCER STADIUM AND DC WATER FRONT, look at the national harbour and the urgency the state and county expedited the deal and got it off the ground and today it is successful please please council members keep your lond winded opinions and do whats better for dc and not your ego!