Hazel
Your statement is false and misleading. Those properties are owned and taxed in DC. Further those businesses operating in the city pay taxes. The itema they sell are taxed in the city and in many instances because of the use tax, many of the items purchased outside of the city by the businesses are taxed in the city.
Those funds go to our city budget and is one of the main reasons that our budget has constantly grown over the last decade.
On Jun 4, 2013 12:40 PM, <ThomasHazelB@aol.com> wrote:
Interesting infomercial.Hazel
-----Original Message-----
From: KPW of the Nation's Capital <WKPW3@aol.com>
To: ward5 <ward5@yahoogroups.com>
Sent: Tue, Jun 4, 2013 9:51 am
Subject: [ward5] Monroe Street Market pays off for Brookland by Michael Neibauer Staff Reporter- Washington Business Journal
Jun 3, 2013, 11:26am EDT Updated: Jun 3, 2013, 6:29pm EDTMonroe Street Market pays off for Brookland
- Michael Neibauer
- Staff Reporter- Washington Business Journal
- Email | Twitter
The 1 million-square-foot Monroe Street Market has yet to welcome its first tenant, but the project is already paying dividends to the community.
The District announced on Friday it would provide grants of up to $5,000 to businesses along 12th Street NE for storefront improvements (more information here), using money from a $25,000 contribution paid by the developers — Abdo Development, Bozzuto Development and Pritzker Realty.
That money was part of an extensive and expensive community benefits package negotiated in 2009 to secure support for a planned-unit development application.
The grants are meant to increase customer foot traffic and sales, stimulate private investment and "brand the Brookland commercial district as an attractive, safe shopping destination," according to the Department of Small and Local Business Development's notice of funding availability.
The Monroe Street Market community benefits package included $210,000 in various cash contributions and project-related promises. In addition, there is a commitment to realign a pair of intersections — Seventh Street and Michigan Avenue NE, and Michigan Avenue and Monroe Street — and to construct an arts/flex building of primarily community space.
"It wasn't like our arms were being twisted," Abdo President Jim Abdo told me. "We wanted to bring amenities to the table. It's a very active communtiy in Brookland, and we wanted to be good neighbors."
Abdo said Monroe Street Market, a $200 million project now majority owned by Bozzuto and Pritzker, will create a destination and a sense of place, "putting Brookland on the map."
According to the Monroe Street Market website, the first residential tenants will move in next month, in the Brookland Works building. The apartment building sits atop 27 studio spaces reserved for a diverse collection of artists — working with wood, sculpture, fabric, possibly even a trapeze — along an arts walk that leads to the Brookland Metro station.
Besides the $25,000 storefront improvement grant, the monetary contribution Abdo offered as part of his PUD application includes:
- $50,000 for aesthetic improvements to the Monroe Street Bridge.
- $25,000 to engage a "reputable third-party retail consultant" to study the retail needs for Brookland and Edgewood.
- $35,000 to Trinity College and $40,000 to Catholic University for Ward 5 student scholarships.
- $40,000 to install a "sprung floor" in the Monroe Street Market Arts Flex Building to accommodate dance classes and recitals.
- $15,000 to the Next Generation Youth Program.
- $45,000 to the HELP Foundation in support of a fatherhood/career development program to be administered at the Luke C. Moore Academy.
Michael Neibauer covers economic development, chambers of commerce, transportation and politics.
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R. Ramson
3744 12th Street, N.E.,
Washington D.C., 20017
202-438-5988
"We must become the change we want to see" - Mohandas Gandhi-
(Together, for a Brighter Tomorrow)
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