The past month in DC has been marked by several discussions and debates regarding food deserts in Wards 7 and 8, the validity of the "East End" and "East of the River" monikers, and ongoing volleying about the DC budget and the availability of funds for various initiatives. Now, all three subjects are converging.
Last week, Ward 7 councilmember Vincent Gray announced funding for a program to increase investment in grocery stores east of the Anacostia River. Based on the Chief Financial Officer's assessment that the city has a 60-day surplus of cash on-hand, Gray announced that those funds would be used to bankroll the East End Grocery Incentive Act of 2018.
The act creates a program within the Office of the Deputy Mayor for Planning and Economic Development to allow the government to subsidize construction of new grocery stores east of the River. The incentive program would also enable the city to subsidize other retail co-anchors at nine developments: Skyland Town Center (where the city's first LIDL grocery store was announced), Penn Branch shopping center, St. Elizabeths, Parkside, Capitol Gateway (which has languished following cancelled plans for a Walmart), Deanwood Town Center, Columbian Quarter, East River Park, and United Medical Center.
“I am excited to work with the Mayor, and her administration to leverage this dedicated $9.899 million in surplus funds, and any additional funding certified at the end of Fiscal Year 2019, for pay-as-you-go capital funding to ensure that the District develops all nine of these sites with new full-service grocery stores, retail, and sit-down restaurants," Gray said in a statement.
Utilizing a provision passed in 2010 during Gray's mayoral term, the city is able to split surplus funds between pay-as-you-go capital initiatives and the Housing Production Trust Fund (HPTF) once 60 days of operating cash is available. Accordingly, another $9.899 million will be apportioned to the HPTF.
See other articles related to: capitol gateway, columbian quarter, dc lidl, deanwood town center, east end, east of the river, east of the river grocery stores, east river park, food deserts, food deserts dc, grocery stores, lidl, parkside, penn branch, skyland, skyland town center, st. elizabeth's, st. elizabeths, united medical center, vincent gray, ward 7, ward 8
This article originally published at https://dc.urbanturf.com/articles/blog/name-aside-east-end-grocery-incentive-program-appears-destined-for-funding/15552.
Most Popular... This Week • Last 30 Days • Ever
The proposed district would encompass the neighborhood's commercial strip along Conne... read »
WTOP is reporting that The Heights, an eight-stall food hall that is taking over the ... read »
Where new housing is being built; the return of water in Dupont Circle; and a look at... read »
July Residential has filed plans with DC for a four-story, 50-unit apartment building... read »
A new residential project is on the boards for a DC neighborhood that hasn't seen muc... read »
UrbanTurf takes a look at the close-in Maryland zip codes where prices have risen the... read »
A new report out this week found that homes in the DC region are selling nearly a wee... read »
Today, we will take a look at the close-in Northern Virginia zip codes where prices h... read »
Hockey players and horse riders, this sprawling Virginia estate may be for you.... read »
DC's Board of Zoning Adjustment approved the requested relief for a planned 32-unit c... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro