Project | Type of Financing | Developer(s) | Description | Year Authorized | Maturity Date | Link to D.C. Codes | Ward |
Reunion Square | TIF | MLK Acquisition Development Company, LLC | The Reunion Square TIF area is part of a mixed-used redevelopment area in historic Anacostia. When complete, it will include approximately 560,000 square feet of office, residential, hotel and retail space. For the first phase, started in 2021 and completed in 2024, includes a 230,000 square foot office building leased by the DC Department of Health, and 7,000 square feet of retail space. A$15.1 million TIF bond, supported by incremental real property and sales taxes in the TIF Area, provided gap financing to make the project financially feasible. It will be repaid from incremental real property and sales taxes in the TIF area. | 2021 | N/A | 8 | |
Brookland Manor | TIF | Mid-City Corporation | The Brookland Manor project is a redevelopment of the Brookland Manor apartment complex and the former Brentwood Village Shopping Center along Rhode Island Avenue in Northeast Washington, DC. This site, which is approximately 20 acres, will include a mix of for-rent and for-sale residential uses along with retail. At full build-out, the project is proposed to be developed as mixed-use, mixed-income inclusive of 1,870 residential units and approximately 100,000 square feet of commercial development. | 2019 | N/A | https://code.dccouncil.us/us/ dc/council/laws/22-263 |
5 |
Union Market | TIF | Union Market Infrastructure Corporation (comprised of EDENS and JBG Smith) | The Union Market project includes approximately 40 acres of existing buildings and redeveloped properties. At buildout, new development will include approximately 3,500 residential units, a 155-room hotel, 375,000 square feet of office space, and approximately 500,000 square feet of new retail space with below-grade parking. The authorizing legislation provided $82.4 million in tax- increment financing, with $46.5 million allocated toward public infrastructure improvements and $36 million toward retail parking to serve the area. Multiple series of TIF bonds will be issued as planned redevelopment projects are constructed, and will be repaid with incremental real property and sales taxes generated by redevelopment. The first series of TIF bonds totaling $14.8 million were issued in 2021. | 2018 | 2046 | https://code.dccouncil.us/us/ dc/council/laws/22-58 |
5 |
Bryant Street Phase 1 | TIF | Bryant Street Partners I, LLC | The Bryant Street project is the redevelopment of an aging shopping center into a mixed-use urban center, featuring nearly 1.7 million square feet of total development at full build-out, including 1,182 units of rental housing and more than 100,000 square feet of retail, including an Alamo Drafthouse movie theater. The first phase of development--487 residential units and 91,300 SF of retail--was completed in 2021. A $17.3 million TIF bond funded site improvements for the project. The bond will be repaid by incremental real property and sales taxes. |
2017 | 2043 | https://code.dccouncil.us/us/ dc/council/laws/21-262 |
5 |
Skyland Town Center | TIF | Rappaport and W.C. Smith | The Skyland project is the redevelopment an 18-acre shopping center at Naylor and Alabama Avenues SE. Phase 1, consists of 263 rental multifamily units and 84,000 square feet of retail space, including a LIDL grocery store, and was completed in 2022. $17.4 million in TIF bonds were issued in 2018 to support infrastructure construction for the project. Phase 2 began construction in 2024. When completed, it will include 126 townhomes for sale, a 75-unit senior affordable housing building, approximately 10,000 square feet of additional retail space, and a town square park. |
2013 | 2039 | https://code.dccouncil.us/us/ dc/council/laws/20-110 |
7 |
CVS | TIF | LaKritz Adler | The CVS project is a 10,000 square foot pharmacy and convenience store in the Petworth neighborhood. A TIF note, issued under the authorization of the Great Streets initiative, financed a portion of the development costs. |
2011 | 2035 | https://lims.dccouncil.gov/ Legislation/PR17-0248 |
1 |
City Market at O Street | TIF | Roadside Development | The City Market at O Street project is a 1 million-square foot urban infill that includes over 87,000 square feet of retail, 600 residential units, and more than 500 parking spaces. The historic O Street Market was restored and incorporated into a new 71,000-square foot Giant Food store. A TIF bond and a TIF note provided a total of $41.7 million in financing for this project, repaid through incremental sales and real property taxes. | 2008 | 2040 | https://code.dccouncil.us/us/ dc/council/laws/17-278 |
2 |
The Wharf | TIF/PILOT | Hoffman - Madison Marquette Waterfront |
The Wharf project is a 27-acre redevelopment on the Southwest waterfront, including a mix of land uses and public waterfront amenities. Phase 1 of the project, completed in 2017, totals roughly 2.5 million square feet of development. Phase 1 includes 868 residential units, 498,000 square feet of office, three hotels, 262,000 square feet of retail, the Anthem concert hall, 680 parking spaces, and space devoted to cultural activities and public waterfront amenities. Phase 2, including roughly 2 million square feet of development, began construction in 2019 and delivered in fall 2022. It includes 105,000 square feet of retail, a 131-room boutique hotel, 578,000 square feet of office space, 374 residential rental units, and over 1,000 parking spaces. In total, $198 million of TIF proceeds were used to finance the construction of site and waterfront improvements for the project in four debt issunces. Debt service is paid with the project's incremental sales and real property taxes (PILOTs). |
2008 | 2040 | https://code.dccouncil.us/us/ dc/council/laws/17-252 |
6 |
Verizon Center | TIF | DC Arena LP | The Verizon Center (now Capital One Arena) project is a sports and entertainment facility that is home to the NBA’s Washington Wizards, NHL’s Washington Capitals, and the NCAA’s Georgetown Hoyas men’s basketball team. Two TIF notes, totaling $50,000,000, supported the financing of improvements to the 20,000-square foot arena. Debt service on the notes is paid with an additional 4.25% tax charged for arena tickets and sales of tangible personal property or services otherwise taxable at the Capital One Arena. |
2007 | 2043 | https://code.dccouncil.us/us/ dc/council/laws/17-12 |
2 |
Convention Center Hotel | TIF | Quadrangle and Capstone | The Marriott Marquis hotel project was built to support the District's convention center activities and events. It was completed in 2014 and includes 1,175 hotel rooms, 25,000 square feet of retail, 125,000 square feet of ballroom/meeting space, and 380 parking spaces. In 2011, at the start of the project's construction, the District issued a TIF note for $176.4 million to the Washington Convention and Sports Authority (WCSA) in support of the $537-million project. The project's incremental real property and sales tax revenues are pledged to the repayment of WCSA's convention center hotel bonds. The refinancing of the WCSA bonds in 2021 amended and reduced the amount of the TIF note to $123.9 million. |
2006 | 2041 | https://code.dccouncil.us/us/ dc/council/laws/16-163 |
2 |
The Yards (Southeast Federal Center) | PILOT | Forest City (Brookfield Properties) | The Yards (also known as Southeast Federal Center) project is approximately 42 acres of federal land along the Anacostia River developed in accordance with an agreement with the General Services Administration. The project has delivered over 155,000 square feet of retail space, 2,100 residential units, a 300,000 square foot office building, and a 137-key hotel. Over 2.2 million square feet of future development is planned. $68,460,000 has been financed, funding construction of public infrastructure in this PILOT area and paid back with PILOT payments on new development. |
2006 | 2025 | https://lims.dccouncil.us/ Legislation/PR16-0796 |
8 |
Nationals Park | Revenue Bond | District of Columbia | The Nationals Park project is a 41,487-seat ballpark that features 79 suites on three levels. Nationals Park, using $509,800,000 in bond proceeds, was completed in 2008. Nationals Park has multiple sources of dedicated revenues to pay debt service, including a utility tax imposed on toll communications, telephone, heating oil, and natural or artificial gas, a fee imposed on businesses within DC with greater than $5 million in gross recipts, rent from the team, and stadium-related taxes on tickets, merchandise, food, beverages, and parking at the stadium. | 2003 | 2036 | https://code.dccouncil.us/us /dc/council/laws/15-320 |
8 |
Gallery Place | TIF | Western and Akridge | The Gallery Place project is a mixed-use urban entertainment complex that includes 192 residential units, approximately 690 parking spaces and 210,000 square feet of office space. The Gallery Place project, using $52,365,000 in TIF bond proceeds, was completed in 2004. The TIF bonds are paid back with incremental real property and sales taxes generated from the project. | 2000 | 2017 |
https://code.dccouncil.gov/us/ |
2 |
As of August 2024 |