With Property Windfall, Howard Strikes a Balance
This week, Washington City Paper brings you the Education Issue. The whole thing's a good read: Check out Will Sommer on George Washington University's year in exile from the U.S. News and World Report rankings and Ben Freed on the University of the District of Columbia's mortuary school. But if you're hankering for a real estate angle, you're in luck.
Back in the 1970s and 1980s, when land around Shaw was cheap after the devastation of the 1968 riots, Howard University bought up a bunch of property near its campus. Much of that has sat undeveloped as surface parking lots. But now, with real estate in Shaw booming, the property is suddenly valuable, and Howard faces a decision: develop the land for private use for a healthy profit, or use it for long-needed campus amenities like new dorms?
Read about Howard's approach here.
Photo by Darrow Montgomery