Misguided Development Priorities

A Washington development mogul assess the District's real estate priorties and its future.

Bob Gladstone, a well-known D.C. architect and developer, thinks that a publically-funded baseball stadium is neither prudent nor profitable. He would rather see attention and funding focused on building a hotel adjacent to the new Washington Convention Center. When asked to consider the two projects, he said, "Is it better spent -- in the leverage it would produce -- for a baseball stadium or a convention center hotel? My calculation is that the returns would be superior for a hotel." Gladstone thinks that a hotel could easily pay its own debt service, while a publically-subsidized stadium"has to be subsidized by other external items." These items include a gross receipts tax on large city businesses and a sales tax on food and other sales at the stadium, both of which are shaky foundations, according to Gladstone. The D.C. City Council votes tomorrow on a proposed bill to locate the new stadium along the Anacostia River. City planners and the mayor hope that the stadium will spark redevelopment in a long-neglected part of Washington.

Thanks to Peter Buryk

Full Story: Bob Gladstone Weighs In on Baseball, Redevelopment


Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 9 different cities.
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.