D.C. seeks to lure office tenants to St. Elizabeths East with big tax break
Date Released:
Fri, 03/30/2018
Washington Business Journal by Katie Arcieri
D.C. Mayor Muriel Bowser is proposing a healthy tax break to lure companies to the St. Elizabeths East campus.
Bowser's fiscal year 2019 budget includes a 10-year tax abatement, called the "St. Elizabeths Job Creation Incentive Act," for businesses that lease a minimum of 35,000 square feet at St. E's, the initial redevelopment of whichwill include a 217,000-square-foot office-over-retail building to be developed by Redbrick LMD in addition to housing and the St. E's arena.
