Mayor Vincent Gray today joined by members of the D.C. Council, Deputy Mayor for Planning and Economic Development Victor L. Hoskins, members of the Rappaport and W.C. Smith development teams and community members, signed the Skyland Town Center Omnibus Act of 2014. The legislation reauthorizes the $40 million Tax Increment Financing subsidy (“TIF”) and approves the surplus declaration and disposition of the shopping center at 2646 Naylor Road SE in Ward 7.
“Today is a momentous occasion for the residents of Ward 7, as the city finally makes good on a promise first made decades ago. The journey here has been long and hard, but I am excited to sign legislation that will bring much needed retail and amenities to the community,” Gray said.
The city of Washington embarked on a path to acquire and revitalize the blighted Skyland Shopping Center over a decade ago. The small business center was poorly operated and never met the retail needs of the residents of Wards 7 and 8. With over 40 parcels to acquire spread out over 15 different property owners and 29 different tenants, residents had little luck with their efforts to coordinate redevelopment of the shopping center on their own. Gray promised to bring development to Ward 7 and he kept that promise.
In 2002, the District, through the National Capital Revitalization Corporation, intervened and began its acquisition of the Skyland site. In the last 36 months, the Gray Administration worked to clear all legal issues and resolve all tenant-relocation concerns. Mayor Gray, city officials and members of the development teams held a ceremonial groundbreaking event at Skyland to highlight the start of construction work. The District has invested approximately $40 million in the project for the purposes of acquisition, tenant relocation, property management and legal fees.
There will be a series of articles on the small business and economic development that Gray has brought to the Washington in his four years as the leader of the city. Stay tuned to Examiner.com.