Breakfast links: DC Council allocates $515 million to Capital One Arena over three years
Capital One Arena by Kyle Anderson licensed under Creative Commons.
Monumental money: DC Council allocates $515 million to arena over three years
The DC Council voted unanimously to allocate $515 million over the next three years for the renovation of Capital One Arena and the expansion of Monumental Sports & Entertainment in the surrounding area. The funding comes from the District’s capital budget, not its cash-strapped operating budget. This funding decision is separate from the nonbinding agreement between the mayor and Monumental, which gets into more specific details of the arrangement. (The Washington Post article is behind a paywall). (Post, WTOP)
Montgomery County rezones churches, private schools to allow housing
The Montgomery County Council unanimously approved a zoning amendment Tuesday to allow houses of worship and private educational institutions to build apartments and multi-unit housing on their properties, as long as 30% to 50% of the units meet county affordable dwelling unit standards. (Ginny Bixby / MoCo360)
Arlington Regional Transit workers vote to unionize
Arlington Regional Transit (ART) workers have voted to unionize with ATU Local 689, the same union that represents workers for WMATA, Fairfax Connector, and multiple other transit agencies in the region. 99% of workers, including bus operators, mechanics, technicians, and cleaning staff, voted in favor of unionizing. (ARLnow)
After eight years, 219-unit development in Spring Valley can move forward
The redevelopment of a former Spring Valley grocery store into a mixed-use building with 219 housing units can finally move forward after the DC Court of Appeals rejected opponents’ request for a rehearing of an appeal. The developer hopes to begin construction this year. (UrbanTurf, Jon Banister / BisNow)
WMATA releases RFP for joint redevelopment of half-acre Alexandria parking lot
WMATA is seeking proposals for the redevelopment of a 0.51-acre lot near Eisenhower Avenue station in Alexandria. The site currently houses a surface parking lot, but a developer wouldn’t be required to build replacement parking. The agency hopes to expand revenue through ground leases and grow ridership with new construction near its stations. (The Business Journal story is behind a paywall.) (Sam Kosmas / FOX 5, Michael Neibauer / Business Journal)
Downtown DC office building sells for approximately $38 million below its assessed value
An LLC purchased a 12-story office building at 1899 L Street Northwest for $26.65 million, significantly below its previous sale price of $43.7 million in 2004 and its proposed 2025 assessed value of $64.3 million. It was constructed in 1978, and reflects a trend of older office buildings selling for below their assessed value. (This article is behind a paywall.) (Michael Neibauer / Business Journal)
Maryland Democratic US Senate candidates pledge support for climate change policies at candidate forum
US Representative David Trone and Prince George’s County Executive Angela Alsobrooks, two Democratic candidates for Senate in Maryland, expressed support for policies to address climate change in a League of Conservation Voters forum, with the most pronounced differences between the two more stylistic than substantive. (Josh Kurtz / Maryland Matters)
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