D.C. Leaders Start Construction On Massive Downtown Development | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

D.C. Leaders Start Construction On Massive Downtown Development

Play associated audio

Organizers pulled out all the stops for the official start of construction at CityCenterDC, a 10-acre, mixed-use development at the site of the old Convention Center in downtown Washington.

Apartment buildings, condos, hotels and retail shops will eventually share the space when it's completed in two years, but city leaders, such as D.C. Council Chairman Kwame Brown, say its economic impact will be felt right away.

"This is one of the most valuable pieces of property in the world," Brown says. "It's going to create thousands of jobs and we have local equity participation, which means local business will own a piece of the development."

The initial financing for CityCenterDC, $700 million, was put up by a real estate company based out of Qatar.

NPR

A Historic Backdrop Frames Forbidden Love In 'The Paying Guests'

Sarah Waters' latest novel, set in 1920s London, examines the moral consequences of passion. Though slightly too long, this book brings the past to life with exquisite clarity.
NPR

Before You Take A Bite Of That Mushroom, Consider This

Guess what scientists found lurking inside a common-looking packet of supermarket porcini? Three entirely new species of fungi. That's what happens when you DNA sequence your dinner.
NPR

Move To Curb U.S. Corporate Tax Dodges Could Delay Reform

Business and consumer groups say Congress needs to reform taxes, but few expect change soon. In fact, Treasury's tweaks to tax law may diminish the political will to address broader tax reform.
WAMU 88.5

Montgomery County's Drones Are Ready, But Policy Isn't

The county government has purchased four drones for use by its fire department and innovation office, but bureaucracy is keeping them grounded for now.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.