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State Of Downtown D.C. 2009 Report Shows Some Areas Showed Growth

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By Kavitha Cardoza

In spite of a poor economy in 2009, several areas of the downtown D.C. economy thrived.

The State of Downtown report shows D.C. hasn't been immune to the troubled economy. There were jobs lost and far more office space lying vacant than in previous years. But Richard Bradley, head of the Downtown Business Improvement District, says there were also many positives, including an increase in tourists and record hotel revenues.

"Markets are beginning to rebound significantly, particularly the residential market," he says. "We're out of one bedroom condos. We've added restaurants downtown and while the employment was off slightly, it was less than anywhere else."

Bradley says improving transportation and public education issues are critical to attract more workers to D.C.

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