The Downtown D.C. Business Improvement District recently released its State of Downtown report. Downtown D.C.'s transformation over the last two decades has created an incredible revenue generator for the city.
Mike DeBonis provides insight on the recent State of Downtown report, released earlier this week by the Downtown D.C. Business Improvement District. The report describes a Downtown D.C. on the other side of two decades of transformation "from a 9-to-5 oriented hub of commerce to a 24-hour destination to live and play," according to DeBonis.
"Together with the neighboring Golden Triangle area, the Downtown D.C. BID estimates downtown now represents a net impact of $1 billion on the city’s yearly revenue — about one-sixth of the city’s entire local-funds budget."
The article also includes a striking GIF that shows the rapid disappearance of Downtown D.C.'s surface parking lots and empty buildings—a trend that is expected to continue as new buildings come online.
FULL STORY: Twenty years of downtown D.C. development in one GIF
D.C. Council Chooses Commercial Property Tax Breaks Over Homeless Funding
Carolyn Gallaher, an associate professor at American University, makes the case for local political leadership to better support Washington, D.C.'s homeless population. The D.C. Council has been focusing its resources elsewhere.
Apartments Near Transit Generate More Tax Revenue
A study from the Urban Land Institute shows developments near transit generate almost twice as many tax dollars per dollar spent.
Florida Supreme Court Voids County Tax That Included Transit Funding
A proposal from Gov. DeSantis would require Hillsborough County to return revenue collected from the tax to residents who paid it and bar the county from using any remaining funds on transit projects.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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