Reply to Bowser Spreads the Wealth opens homeless shelters in each DC ward

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[quote=Anonymous][quote=Anonymous]So let me get this straight:
1. The city will pay the construction costs to build new structures and facilities on each of these sites
2. The city will then lease the buildings from the property owners for 20 to 30 years.
3. At the end of 20 to 30 years, the city will need to find new properties and will own nothing. The original property owners will have received tens of millions in annual payments and will own the building.

What the ever-loving F#CK?!?[/quote]

And don't forget that some of the developers will get coveted zoning changes (upzoned for greater height and density) as part of the shelter initiative.  This will make their properties tremendously valuable.  For example the Observatory Circle parcel is zoned for low density residential right now.  At the end of the lease, the owner will be free to raze or renovate the structure and build quite densely as a matter of right, without needing further hearings or approvals.   Bowser's plan is to package all of the zoning changes for the shelters into a single up or down application before the DC zoning commission, so that there will be none of the individualized hearings and reviews of localized impacts that are customary for applications to change zoning.  How do you think this vote will go?    :)   The result is that the favored crony developers and property owners likely will get an enormous economic benefit without subjecting themselves to a contested zoning process with their communities.[/quote]

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