From
Saturday's Post: "District government officials believe a plan to build condominiums and parking garages adjacent to a
new baseball stadium in Southeast Washington is in danger of collapsing and have offered to buy out the developer for nearly $1 million." The short of it--the city has delivered a contract to Herb Miller for the project, but the contract would need approval from Lerners, which it most likely would not get. So the contract also has in it a $990,000 payment to Miller if the deal falls through (Miller is quoted later in the story as saying he's incurred $5.5 million in design and other costs on this project, at the city's request). Why $990k? Because any payment more than $1 million requires city council approval. So, what would happen? "If Miller's towers are not built, commission officials have said they would consider paving over the area to provide surface-level parking spots with the potential for future development. Another possibility would be to ask the D.C. Council for more money to build garages underground or aboveground, commission officials said." Miller has until Wednesday to sign the contract, so we should know the resolution on this before too much longer. Or, have I said that before?