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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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City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
1100 B/O 10TH ST SE   THEFT F/AUTO /  09/08/14
400 B/O K ST SE   THEFT F/AUTO /  09/08/14
1000 B/O 4TH ST SE   THEFT F/AUTO /  09/05/14
300 B/O M ST SE   ROBBERY /  09/03/14
900 B/O 1ST ST SE   THEFT F/AUTO /  09/03/14
1000 B/O 1ST ST SE   THEFT /  09/03/14
1200 B/O 4TH ST SE   THEFT F/AUTO /  09/02/14
200 B/O M ST SE   THEFT /  09/02/14
300 B/O M ST SE   THEFT /  09/02/14
1100 B/O NEW JERSEY AVE SE   THEFT /  09/01/14

Active Public Space Permits Archive  
1331 2ND ST SE    Carlton Ray 
Assigned
paving; streetfixture; excavation  
 02/10/14
to
02/09/15
1331 4TH ST SE    Forest City Forest City 
Issued
excavation; new  
 01/10/14
to
02/10/15
301 TINGEY ST SE    Potbelly Sandwich Works LLC 
Issued
new  
 03/21/12
to
11/27/14

Recent Issued Building Permits Archive  
1259 1ST ST SE   
09/24/14 
CAPITAL RIVERFRONT HOTEL LLC / CAPITAL RIVERFR LLC; KIM MITCHELL CDKM CONSULTING LLC
AH1400705 / CONSTRUCTION
AFTER HOURS FOR PERMIT NO B1401471 - MONDAY THRU SATURDAY FROM 5 AM TO 7 PM - SEPT 30 THRU OCTOBER 29
1265 1ST ST SE   
09/22/14 
CAPITAL RIVERFRONT HOTEL LLC / CYNTHIA H LOPEZ
M1403317 / SUPPLEMENTAL
1212 4TH ST SE   
09/23/14 
THE YARDS
TL1400136 / CONSTRUCTION
FIRST TIME TENANT LAYOUT RELATED TO THE CONSTRUCTION OF A NEW PET VETERINARY BOARDING HOSPITAL AND VET USES PER ZC ORDER 13 THRU 15 AND AMENDMENT TO SECTION 1803.16 TO ALLOW PROPOSED USE IN THE SEFC CR DISTRICT MINOR ARCHITECURAL MECHANICAL PLUMBING ELECTRICAL AND FIRE LIFE SAFTEY WORK AS PER PLANS.
   
09/24/14 
THE YARDS / MIKE WHITE; THE YARDS; KENNETH G. JOHNSON
P13190284 / SUPPLEMENTAL
   
09/25/14 
FC 1212 LLC / TERRY L BOETTNER
M1403366 / SUPPLEMENTAL
   
09/25/14 
FC 1212 LLC /
P1408863 / SUPPLEMENTAL
   
09/26/14 
THE YARDS / ANTHONY HARRIS; THE YARDS; ANTHONY HARRIS
E68185255 / SUPPLEMENTAL
   
09/30/14 
FOREST CITY LLC / FRED GRIFFITH; FOREST CITY LLC; JAY LIVESAY
E74701637 / SUPPLEMENTAL
1103 9TH ST SE   
09/16/14 
ICP PARTNERS POTOMAC 810 LLC / FRANKLIN T GAINES
P1408621 / SUPPLEMENTAL
1220 12TH ST SE   
09/18/14 
WASHINGTON GAS LIGHT CO / GREGORY E LIGON
E1409179 / SUPPLEMENTAL
   
09/19/14 
WASHINGTON GAS LIGHT CO / JAMES C. GYURAS
E1409204 / SUPPLEMENTAL
   
09/19/14 
WASHINGTON GAS LIGHT CO / JAMES C. GYURAS
E1409203 / SUPPLEMENTAL
   
09/22/14 
WASHINGTON GAS LIGHT COMPANY / RICHARD COLLINS; WASHINGTON GAS LIGHT COMPANY; ROBERT DIKE
E34340973 / SUPPLEMENTAL
601 L ST SE   
09/16/14 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / EDUARDO L. LOPEZ
E1409105 / SUPPLEMENTAL
   
09/18/14 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / RICHARD V CAREY
P1408678 / SUPPLEMENTAL
718 L ST SE   
09/22/14 
ALAN GAUNOUX G PROPERTIES
B1402025 / CONSTRUCTION
EXTERIOR WORK AT REAR OF PROPERTY ONLY. NO WORK ON FRONT FACADE REPAIR EXTERIOR BRICK AND POINT BRICK JOINTS AT REAR
20 M ST SE   
09/19/14 
SOUTHEAST REALTY LLC / MATT LOSIGNOR
P1408704 / SUPPLEMENTAL
   
09/19/14 
SOUTHEAST REALTY LLC / MATT LOSIGNOR
P1408703 / SUPPLEMENTAL
   
09/26/14 
SOUTH EAST REALTY LLC SOUTH EAST REALTY LLC / ADOLPHUS SIMMONS; SOUTH EAST REAL SOUTH EAST REALTY LLC; ADOLPHUS SIMMONS
P92093458 / SUPPLEMENTAL
55 M ST SE   
09/11/14 
HINES GLOBAL REIT 55 M STREET LLC / DANIEL O WHITE
E1408953 / SUPPLEMENTAL
100 M ST SE   
09/15/14 
SQUARE 743 INC. / SAM HOLLEN RAMCO OF DC INC.
TL1400150 / CONSTRUCTION
INTERIOR TENANT LAYOUT OF 6TH FLOOR OFFICE SPACE. PARTITIONS FURNITURE MEP AND LIFE SAFETY. REGUS 2429
   
09/20/14 
SQUARE 743 INC SQUARE 743 INC / KATE MITCHELL; SQUARE 743 INC SQUARE 743 INC; ROBERT HUNTER
AR53284155 / SUPPLEMENTAL
   
09/25/14 
SQUARE 743 INC / BERNARD D SASSER
E1409418 / SUPPLEMENTAL
   
09/29/14 
SQUARE 743 INC. 100 M ST SE / PAUL THIEBERGER; SQUARE 743 INC 100 M ST SE; PAUL THIEBERGER
P83348948 / SUPPLEMENTAL
901 M ST SE   
09/12/14 
CARLTON RAY
AH1400687 / CONSTRUCTION
TO PERFORM TEMPORARY LANE CLOSURES
1201 M ST SE   
09/12/14 
CARLTON RAY
AH1400686 / CONSTRUCTION
TO PERFORM TEMPORARY LANE CLOSURES
800 NEW JERSEY AVE SE   
09/17/14 
NEW JERSEY AT H LLC / COLIN CLARK
B1408553 / CONSTRUCTION
CONSTRUCTION OF A 11 STORY 336 UNIT APARTMENT BUILDING WITH FIRST FLOOR RETAIL AND THREE BELOW GRADE LEVELS FOR PARKING GARAGE PER BZA # 18619 GRANTED ON 9 / 24 / 13 WITH CONDITION: SCREENING OF THE PARKING ADJACENT TO H ST.--- SPECIFICALLY SHEETS 6 AND 7 OF EXHIBIT 23 - PLANS TO INCLUDE MECHANICAL PLUMBING AND ELECTRICAL WORK.
880 NEW JERSEY AVE SE   
09/25/14 
880 NEW JERSEY AVENUE LLC / JOHN H THOMSON
E1409407 / SUPPLEMENTAL
25 POTOMAC AVE SE   
09/26/14 
KEVIN SCHAAR MRP RESIDENTIAL / GEORGE KING MORETRENCH AMERICAN CORP
SB1400408 / CONSTRUCTION
DRILL AND INSTALL 106- 2 INCH WELLPOINTS IN 6 INCH BOREHOLE 25 FEET BAGS 4- 6 INCH WELLS IN 12 INCH BOREHOLE 40 FEET BAGS AND 2- 2 INCH OBSERVATION WELLS IN 6 INCH BOREHOLE 20 FEET BAGS. WELLPOINTS DRILLED BY DUAL-ROTERY USING CLEAN WATER. WELLS DRILLLED BY MUD-ROTARY DRILLING. SEE PROVIDED MORETRENCH WORK PLAN AND DRILLING SUMMARY."
300 TINGEY ST SE   
09/11/14 
FC BOILERMAKER LLC / CHRIS WING
B1407179 / CONSTRUCTION
INTERIOR ALTERATION FOR NEW UNLEASHED BY PETCO STORE.
   
09/13/14 
FC BOILERMAKER LIC FC BOILERMAKER LIC / DENNIS STUBBS; FC BOILERMAKER FC BOILERMAKER LIC; DENNIS STUBBS
P24303627 / SUPPLEMENTAL
   
09/18/14 
FC BOILERMAKER LLC /
P1408685 / SUPPLEMENTAL
   
09/18/14 
CHRIS WING / SHANDI COBB; CHRIS WING; CHARLES CLYNES
AR65033933 / SUPPLEMENTAL
   
09/25/14 
FC BOILERMAKER LLC / LOUIS N ROBINSON
E1409412 / SUPPLEMENTAL
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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