June 20, 2006

STADIUM DEAL REACHED AGAIN!!!

How many times will we say: "At last a deal!" with respect to the baseball stadium in DC.

Well, we got another one. This time about the parking structure. Settling the above ground, below ground debate, Mayor Williams announced a hybrid above-below grade parking plan.

The plan calls for 900 parking spaces on one level below ground to serve the condo owners, hotel and retailers. Above ground, there would be two different structures.
The first two levels of both structures would be restaurants and shops and on top of those would be four levels of parking -- totaling 925 spots -- wrapped by condominiums. Another eight levels on top of that would be more condos, including 140 units priced below market value for lower-income residents.

Can you believe the Lerner's objected to below grade parking on the grounds it would slow construction. Do they not get why DC wanted the baseball stadium in the first place? Wasting all this valuable space with above-grade parking would have cost DC millions in lost tax revenue.

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