Friday, March 10, 2006
D.C. moves to build $500M, 1,400-room hotel
District moves to build $500M, 1,400-room hotel
Michael Neibauer, The Examiner
March 10, 2006 12:00 AM
WASHINGTON -
With the Washington Nationals stadium no longer a legislative issue, the District is moving forward with plans for another major economic development project that will require a massive investment and perhaps the use of eminent domain powers.
D.C. Council Chairman Linda Cropp, at the behest of Mayor Anthony Williams, introduced legislation this week that would launch construction of a new 1,400-room, $500 million hotel adjacent to the Convention Center. The bill calls for the city to issue $187 million in bonds to pay for the hotel as well as expanded convention center ballroom and meeting space.
[snipped]
The bill describes the hotel as a “municipal use” that is in the best interest of citizens — language necessary to facilitate the
use of eminent domain powers. But with only a few parcels still needed, the District hopes not to use them, Morris said.
Just one question, if I may. Why is the D.C. Government going in to the hotel business?
Michael Neibauer, The Examiner
March 10, 2006 12:00 AM
WASHINGTON -
With the Washington Nationals stadium no longer a legislative issue, the District is moving forward with plans for another major economic development project that will require a massive investment and perhaps the use of eminent domain powers.
D.C. Council Chairman Linda Cropp, at the behest of Mayor Anthony Williams, introduced legislation this week that would launch construction of a new 1,400-room, $500 million hotel adjacent to the Convention Center. The bill calls for the city to issue $187 million in bonds to pay for the hotel as well as expanded convention center ballroom and meeting space.
[snipped]
The bill describes the hotel as a “municipal use” that is in the best interest of citizens — language necessary to facilitate the
use of eminent domain powers. But with only a few parcels still needed, the District hopes not to use them, Morris said.
Just one question, if I may. Why is the D.C. Government going in to the hotel business?
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