Tuesday, August 14, 2007

I stand corrected, DC puts out RFEI on Poplar Point

Damn sources....this past week the Office of the Deputy Mayor for Planning and Economic Development announced their RFEI, thats request for expressions of interest, on the infamous 150 acre (as per the RFEI) site Poplar Point. According to my original blog, nearly two and a half weeks ago, I offered the confirmation that Poplar Point had received and accepted a proposal for the development of the site and DC United was one of the main attractions to the area. I stand corrected.

In the RFEI, released August 10th, the city formerly announced that they were looking for world-class investors with a proven track record for waterfront development who had strong financial backing to submit proposals for the site. Additionally, the RFEI requests for the use of the new DC United stadium but explicitly states that its not required.

So I read the RFEI and its detail far surpasses the expectation I would have for the cities effort for a proposal such as this. Its worth the read if you have about 30 minutes and it can be found by clicking here.

One of the statements made in the RFEI was Fenty's mandate for 30% of the units consisting of affordable housing. If you take a look an my blog on affordable housing, you will understand this is the first exposure Fenty has had to support his position on the cities effort to maintain affordable housing throughout the development of the city.

By the way, if there is any interest in this $200 Million dollar investment, the due date for expression of interest is October 19th, 2007.

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