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Metropolitan DC Local Politics
Reply to "Real talk about the city’s economy, federal buildings leases, and telework impacts"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A bunch of GS 12s getting lunch a few times a week wasn't propping up the economy. DC needs big law and lobbyists working in the office and spending money in the city [/quote] I think it needs both. I think you underestimate the sheer volume of federal workers who commuted into the city daily pre-Covid, and how much money they spent in the city. There were entire businesses that relied on selling modestly priced meals to low and midlevel government workers, and many of those businesses are gone now. That has a huge impact on those landlords, plus all the empty storefronts makes it a less attractive area for other tenants. It has a domino effect.[/quote] The multipliers for DC tax revenues are extensive. 200,000 people spending $10 per day = $2,000,000 per day in revenue for businesses. That supports $200,000 per day in sales tax. Plus business taxes. Plus commercial property taxes. [/quote]
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