Subsidy Tracker Individual Entry
The value and the breakdown of the subsidy package and the investment projections are taken from: Jackie Spinner, "Gallery Place office tower sought," Washington Post, November 22, 2000. For more detailed description of the project, see Economic Development in Washington, DC (Good Jobs First, November 2002); available online at: http://www.goodjobsfirst.org/sites/default/files/docs/pdf/dc.pdf
The package included $75 million in TIF bond financing backed by sales and property tax revenues in the TIF district established at the project site (and if necessary, also from other parts of the city). The package also included $7 million in tax abatements and fee waivers and $2 million for street improvements at the site. Overlaps with main Subsidy Tracker data: none.