The District’s current financial condition is excellent. The financial highlights of 2013 include: A $321 million budgetary surplus for fiscal year 2013. An upgraded District general obligation bond rating by […]
Seven development projects totaling $693 million were completed in Downtown in 2013. The development highlight was the completion of the office, retail and parking portions of CityCenterDC, the site of […]
Summary An increase in the number of hotel rooms in the District in 2014 has increased hotel revenue in the months of May through June, but it has slightly decreased […]
Background After six weeks of walking the streets of DowntownDC with bottles of water and clipboards in tow, the DowntownDC BID Economic Development team has completed the summer 2014 annual […]
Background The DowntownDC Business Improvement District produces studies almost every other year on the net fiscal impact of Downtown D.C. (the DowntownDC BID-area and the Golden Triangle Business Improvement District […]
Background The 20,674 seat Verizon Center opened in 1997 (then called the MCI Center) in the Chinatown neighborhood of Downtown D.C. The sports arena was privately financed and cost $220 […]
As the city’s premier destination center, DowntownDC radiates with vivacity, culture and energy. DowntownDC is remarkable and hip with a fresh attitude focused on quality, accessibility, sustainability and profi tability. […]
Despite 12 years of unprecedented transformation and prosperity, it is inevitable that DC will feel the effects of the current global financial and economic crisis. In this paper the Downtown […]
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