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Metropolitan DC Local Politics
Reply to "Impact on city revenue?"
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[quote=Anonymous][quote=Anonymous]Feds have been leaving downtown for years now, this just accelerates things. DC will be fine- most feds aren't taxed by DC because they don't actually live in DC. [/quote] GSA leases a ton of commercial space downtown. This will have a significant downward impact on office rents. Second, significant reduction in Federal workers means a significant reduction in consumer spending which will likely lead to restaurant and retail closures. Less active street scene in certain areas will make those areas less desirable for residents and now you can see the knock-on effects. Worst case scenario is that certain sections of downtown, primarily between Farragut Square and Franklin Park on K and down to Constitution will lose a lot of businesses and become deserted and dangerous in the evenings. [/quote]
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