Developers can apply for money to accentuate retail projects of at least 10,000 square feet, but must "demonstrate true financial gaps" in their effort to attract retail, according to a statement from Fenty. -Washington Business JournalOverall, this is great news for Historic Anacostia. However, our allotment must be shared between:
and Congress Heights:
It is interesting that the Martin Luther King Ave / South Capitol Street SE corridor in Ward 8 -arguably the DC corridor most in need of revitalization- was only doled out $10 Million, while the other corridors in NE and NW are getting $25 Million each. We may be across a river and in a less-known part of the city, but we still deserve the same chance for economic development as other, more visible neighborhoods.
In any case, it will be exciting to see how this infusion is put to use.
**editor's note: commenter IMGoph makes a good point in saying that attracting retail to corridors in NE and NW costs a lot more than in SE. Which would at least partly explain the major disparity in funding...
maps courtesy of Neighborhood Grant Application