December 2, 2005

Pulling The Rug From Under the Developers

Pity the poor investors who bought land in Southwest thinking DC would build a baseball stadium down there. They must be newbies to this town to believe that the stadium would be built where the DC govt said it would be built.

My only question to Councilman David A. Catania, who according to the Washington Post supports this idea, is: will this ultimate bait-and-switch chill future investment in DC? To save $20m, $30m or $40m, won't the city lose out on billions in future investment? If I had millions to spend, which I dont, I would think twice about investing here given the headaches, sleepless nights and fretting one has to do to do to conduct business.

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