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From the Post's DC Wire blog: "City officials are close to finalizing a deal to build a new convention center hotel without having to secure an additional hundreds of millions of dollars in public financing, officials said today. Under the framework of the agreement, the city and the convention center authority will put up an additional $80 million. The city earlier had pledged $187 million for the project, which has languished due to tight credit markets. The rest of the money for the $537 million project will come from private sources. Frustrated that the hotel project had yet to break ground, convention center and D.C. Council members began exploring earlier this month whether the city could secure full public financing for the project. They argued the city was losing convention business to neighboring jurisdictions. But Chief Financial Officer Natwar M. Gandhi, who was worried about the District breaching its debt limit, helped broker a deal in which Capstone Development will team with ING to secure private financing, sources said. The project is slated to be a 1,167 Marriott Marquis, which would be one of the city's largest hotels."
More here. Now to wait and see where that extra $80 million will come from...
UPDATE: WBJ reports on the near deal, which includes this: "The developers and key members of the D.C. Council began considering alternatives and Thursday said they had found one. In it, the Washington Convention Center Authority would contribute an $80 million loan -- a far smaller price tag than the mayor proposed -- and the developers would raise their equity participation from $135 million to $320 million with the backing of ING Clarion Real Estate Investment, the U.S. subsidiary of ING Real Estate and one of the city's largest property owners."
UPDATE II: The Examiner's story, with this morsel: "Evans, chairman of the Finance and Revenue Committee, said he hoped to forestall the 'hysteria' of people thinking their projects were being eliminated. No projects will be dropped, he said. 'We're heading in the completely opposite direction,' he said."
UPDATE III: And the Post's for-print-publication version of their article, with a slightly less snarky Evans quote: "In recent days, some community and political leaders became concerned when the Washington Business Journal published a story suggesting that some development projects would have to be scrapped so the hotel could be built without exceeding the city's debt limit. Evans said the prospect of full public financing appears to have motivated the developers into putting up the equity so they could gain more of the profits. 'It caused everyone to focus, step up and get it done,' said Evans, who added that he hopes the council will vote on the proposal next month so construction can begin in the fall."
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Mark_M says: (6/18/09 9:51 PM)
Does this now mean that the convention center hotel will now NOT be "taking" money from the Near SE projects as earlier thought?


Joe in DC says: (6/19/09 9:13 AM)
Mark that seems to be the case. Ahhhhh... now that is what I call a creative solution to a pesky financial problem. Lets be frank here, there was no "hysteria" as our esteemed council member Evans has been publicly quoted. Its called citizen action. Shocker!!! Who knew?

Had not the citizens of this city with a vested interest in the Near S.E/Navy Yard & the S.W. Waterfront put the council on notice that we were not going to quietly stand by while our interests were trampled on, the outcome may have been very different. The stakes are too high and the possibility that a dreadful outcome could have occurred is too real. Hysteria-schmeria! It is our right and our duty to stand up and have our voices heard. It is interesting how quickly the council and developers were able to come up with the necessary financing for the hotel once they got caught with their hands in the cookie jar. They wanted an easy and expeditious solution to building the new hotel and were willing to do it at our expense.

Folks, we may have other tricky issues ahead of us (hopefully not), but we must be willing to fight for the type of community we have been sold. The Near S.E/Navy Yard and neighboring S.W Waterfront is poised to be the envy of the city and I for one will do my part to ensure that it is. Thank you to all of you who got involved on this issue and most of all, thank you JD for your tireless efforts on behalf of the Near S.E.

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Recent Crime Incidents Archive  
1000 B/O 5TH ST SE   THEFT F/AUTO
Theft From Auto 1
 02/28/15
400 B/O M ST SE   THEFT
2nd Degree
 02/28/15
100 B/O K ST SE   THEFT F/AUTO
Theft From Auto 1
 02/27/15
1000 B/O 4TH ST SE   THEFT F/AUTO
 02/27/15
100 B/O CANAL ST SE   THEFT
2nd Degree
 02/24/15
1300 B/O 4TH ST SE   THEFT
Theft 1 (Theft F/Building)
 02/19/15
1000 B/O 2ND ST SE   THEFT F/AUTO
 02/18/15
100 B/O K ST SE   THEFT F/AUTO
 02/06/15
UNIT B/O K ST SE   THEFT F/AUTO
 02/01/15

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No records added or modified in the past two weeks.

Recent Issued Building Permits Archive  
1011 1ST ST SE   
02/12/15 
COLIN CLARK / MICHAEL BIANCO; COLIN CLARK; MITCH PERMUY
E98099105 / SUPPLEMENTAL
1265 1ST ST SE   
02/10/15 
CAPITAL RIVERFRONT HOTEL LLC / JOHN HOMICK
E1502866 / SUPPLEMENTAL
1000 5TH ST SE   
02/24/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / KIM MITCHELL CDKM CONSULTING LLC
B1412422 / CONSTRUCTION
NEW BUILDING PERMIT FOR NEW COMMUNITY CENTER INCLUDING STEEL STRUCTURE BRICK AND MASONRY BACKUP
1240 12TH ST SE   
02/19/15 
WASHINGTON GAS LIGHT CO / CARLTON W ROBINSON
E1503465 / SUPPLEMENTAL
909 HALF ST SE   
02/25/15 
23 I LLC C/O RELATED COMPANIES / DAVID MILLER
SB1500157 / CONSTRUCTION
INSTALLATION AND MONITORING OF 8 INCLINOMETER MONITORING SYSTEMS. THREE INCLINOMETER CASINGS TO BE INSTALLED ALONG THE K STREET BORDER OF THE PROJECT. THREE CASINGS TO BE INSTALLED ALONG THE I STREET BORDER OF THE PROJECT. TWO CASINGS TO BE INSTALLED ALONG THE HALF STREET BORDER OF THE PROJECT.
   
02/23/15 
23 I LLC C/O RELATED COMPANIES / 23 I LLC C/O RELATED COMPANIES; ANDREW DANCE
SB1500132 / CONSTRUCTION
A HOLLOW STEM AUGER WILL INSTALL UP TO 30 TEMPORARY DEWATERING WELLS BY ADVANCING A 12 OD / 8 1 / 4 ID BOREHOLE TO A DEPTH OF 65 FEET. AT DEPTH A 4 INCH PVC FLUSH JOINT THREADED WELL ASSEMBLY WILL BE SET AND SELECT FILTER PLACED. INTO EACH WELL WILL BE INSTALLED A 1 HP TURBINE SUBMERSIBLE PUMP. EFFLUENT WILL BE DIRECTED THROUGH A COMMON MANIFOLD TO A BAFFLED SETTLING TANK AND DISCHARGED TO THE LO...
1015 HALF ST SE   
02/09/15 
HALF ST SE LLC /
P1503333 / SUPPLEMENTAL
   
02/12/15 
THOMAS AN / THOMAS AN; HYH ELECTRIC CO. INC.
SG1500156 / CONSTRUCTION
INSTALL ONE SINGLE FACE BUILDING SIGN AND ONE DOUBLE FACE BLADE SIGN
   
02/10/15 
EVAN OBRIEN / JOSEPH ABRESCH; EVAN OBRIEN; ROBERT HUNSBERGER
E74054014 / SUPPLEMENTAL
   
02/18/15 
HALF ST SE LLC / STEPHEN R. HOLMAN
P1503532 / SUPPLEMENTAL
82 I ST SE   
02/09/15 
GREYSTAR RCP DEVELOPMENT / KIM MITCHELL CDKM CONSULTING LLC
SH1400084 / CONSTRUCTION
SHEETING & SHORING WORK FOR NEW 13-STORY RESIDENTIAL PROJECT AT EYE STREET AND NEW JERSEY AVE SE
50 M ST SE   
02/18/15 
ENGLEWOOD LLC / FVI2020
FD1500010 / CONSTRUCTION
FOUNDATION OF GRADE RELATED TO CONSTRUCTION OF A NEW HOTEL
55 M ST SE   
02/24/15 
HINES GLOBAL REIT 55 M STREET LLC / ANDREW P CARAYIANNIS
M1501184 / SUPPLEMENTAL
100 M ST SE   
02/11/15 
SQUARE 743 INC. / JOHN GIUSEPPE-RAMCO
TL1500062 / CONSTRUCTION
FIRST TIME TENANT TO BUILDOUT AND OCCUPY TENANT SPACE ON PART OF THE 7TH FLOOR THE TRUST FOR PUBLIC LAND AS SHOWN ON THE ATTACHED THIRD PARTY REVIEWED AND APPROVED MECH. .PLUMB. ELECT. FIRE PROTECTION AND ARCHITECTURAL PLANS BY KTA. INTERIOR WORK ONLY. NO CHANGE IN USE. NO STRUCTURAL WORK INVOLVED.
   
02/13/15 
SQUARE 743 INC / RONNIE E WRIGHT
E1503331 / SUPPLEMENTAL
   
02/13/15 
SQUARE 743 INC / DAVID FLEMING
P1503495 / SUPPLEMENTAL
   
02/19/15 
SQUARE 743 INC / DAVID FLEMING
P1503597 / SUPPLEMENTAL
   
02/20/15 
SQUARE 743 INC / GREGORY E LIGON
E1503498 / SUPPLEMENTAL
   
02/23/15 
SQUARE 743 INC / ANTHONY G SAMBURG
E1503518 / SUPPLEMENTAL
901 M ST SE   
02/19/15 
US GOVERNMENT NAVY PWC / SUMMIT CONSTRUCTION AND ES
B1504570 / CONSTRUCTION
REQUEST AND E&S PERMIT FOR WORK ON FEDERAL INSTALLATION. INSTALLING FOOTINGS AND SLAB WITH PORTCH SUPPORTS. MINOR GRADING AND SEEDING. BUILDING FOOTPRINT IS UNDER 700SF. LAND DISTURBANCE INCLUDING GRADING AND SEEDING IS UNDER 2 500SF.
100 M ST SE   
02/19/15 
SQUARE 743 INC / JOHN H THOMSON
E1503464 / SUPPLEMENTAL
   
02/20/15 
SQUARE 743 INC / DAVID RAINE; SQUARE 743 INC; DAVID RAINE
P38575591 / SUPPLEMENTAL
300 M ST SE   
02/11/15 
FEDERAL CENTER LP / SAM HOLLEN RAMCO OF DC INC.
B1504255 / CONSTRUCTION
INTERIOR RENOVATION TO 2ND FLOOR CONFERENCE ROOM. PARTITIONS FINISHES MECHANICAL ELECTRICAL AND LIFE SAFETY. ICI SERVICES
1201 M ST SE   
02/11/15 
CSC / DAMON ELLIS
B1503731 / CONSTRUCTION
SCOPE OF WORK AREA IS 800SQFT TO INCLUDE MECHANICAL PLUMBING ELECTRICAL AND FIRE. NO CHANGE OF USE OR STRUCTURAL WORK BEING DONE
800 NEW JERSEY AVE SE   
02/24/15 
NEW JERSEY AT H LLC / JOHN H THOMSON
E1503556 / SUPPLEMENTAL
   
02/13/15 
BAKER DC / CHRISTINE LONG
AH1500246 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 7:00PM THRU 7:00AM
909 NEW JERSEY AVE SE   
02/26/15 
909 NEW JERSEY AVENUE ACQUISITION LLC / DAVID L. HAHN
P1503815 / SUPPLEMENTAL
1000 NEW JERSEY AVE SE   
02/23/15 
CAPITOL HILL TOWER HOUSING COOPERATIVE INCF / SHAWN ALEX HELLER
HO1500118 / HOME OCCUPATION
HOME OFFICE (LAW OFFICE).
300 TINGEY ST SE   
02/13/15 
RICHARD CERVERA / NATHANIEL GILL
B1504014 / CONSTRUCTION
NEW SUMMER GARDEN
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

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