Agency Subtype/Description Value of Incentive Ward Appendix II: Detailed Economic Development Budget by Agency Method of Expenditure Recipient (None - Tax Expenditure) 14W and the YMCA Anthony Bowen Project $578,547 1 Tax Abatements* Perseus Realty LLC 2323 Pennsylvania Ave SE Redevelopment Project $93,158 7 Tax Abatements* Chapman Development Adams Morgan Hotel (Note 2) $0 1 Tax Abatements* First Church of Christ, Scientist/ Beztak Props. Eckington One $1,217,929 5 Tax Abatements* NoMA West Residential I LLC GALA Hispanic Theatre $45,561 1 Tax Abatements* Gala Hispanic Theatre Georgia Commons $183,000 4 Tax Abatements* Jair Lynch/AHD High Tech. Comm. Real Estate Database Providers $700,000 2 Tax Abatements* CoStar National Public Radio, Inc. $4,040,077 6 Tax Abatements* National Public Radio New Residential Development: 1117 10th St $211,744 2 Tax Abatements* 185 Individual Owners New Residential Development: 1150 K St NW $115,173 2 Tax Abatements* 130 Individual Owners New Residential Development: 1400 N St NW $136,120 2 Tax Abatements* National City Christian Church/B&D New Residential Development: 631 D St NW $428,343 2 Tax Abatements* 428 Individual Owners New Residential Development: 912 F St NW $79,278 2 Tax Abatements* 62 Individual Owners New Residential Development: K St NW $307,775 6 Tax Abatements* Quadrangle Development NOMA Area Residential Tax Abatement $356,805 6 Tax Abatements* The Cohen Companies NOMA Area Residential Tax Abatements $843,258 6 Tax Abatements* unspecified NOMA Area Residential Tax Abatements $424,185 6 Tax Abatements* JBG NOMA Area Residential Tax Abatements $1,496,789 6 Tax Abatements* Archstone NOMA Area Residential Tax Abatements $459,971 6 Tax Abatements* Camden Living District of Columbia Unified Economic Development Report on Proposed FY15 Budget Page 1 of 18 in Appendix II
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Agency Subtype/Description Value of Incentive
Ward
Appendix II: Detailed Economic Development Budget by Agency
Method of Expenditure
Recipient
(None - Tax Expenditure)
14W and the YMCA Anthony Bowen Project
$578,547 1Tax Abatements*
Perseus Realty LLC
2323 Pennsylvania Ave SE Redevelopment Project
$93,158 7Tax Abatements*
Chapman Development
Adams Morgan Hotel (Note 2) $0 1Tax Abatements*
First Church of Christ, Scientist/ Beztak Props.
Eckington One $1,217,929 5Tax Abatements*
NoMA West Residential I LLC
GALA Hispanic Theatre $45,561 1Tax Abatements*
Gala Hispanic Theatre
Georgia Commons $183,000 4Tax Abatements*
Jair Lynch/AHD
High Tech. Comm. Real Estate Database Providers
$700,000 2Tax Abatements*
CoStar
National Public Radio, Inc. $4,040,077 6Tax Abatements*
National Public Radio
New Residential Development: 1117 10th St
$211,744 2Tax Abatements*
185 Individual Owners
New Residential Development: 1150 K St NW
$115,173 2Tax Abatements*
130 Individual Owners
New Residential Development: 1400 N St NW
$136,120 2Tax Abatements*
National City Christian Church/B&D
New Residential Development: 631 D St NW
$428,343 2Tax Abatements*
428 Individual Owners
New Residential Development: 912 F St NW
$79,278 2Tax Abatements*
62 Individual Owners
New Residential Development: K St NW
$307,775 6Tax Abatements*
Quadrangle Development
NOMA Area Residential Tax Abatement
$356,805 6Tax Abatements*
The Cohen Companies
NOMA Area Residential Tax Abatements
$843,258 6Tax Abatements*
unspecified
NOMA Area Residential Tax Abatements
$424,185 6Tax Abatements*
JBG
NOMA Area Residential Tax Abatements
$1,496,789 6Tax Abatements*
Archstone
NOMA Area Residential Tax Abatements
$459,971 6Tax Abatements*
Camden Living
District of Columbia Unified Economic Development Report on Proposed FY15 Budget
Page 1 of 18 in Appendix II
Agency Subtype/Description Value of Incentive
Ward
Appendix II: Detailed Economic Development Budget by Agency
Method of Expenditure
Recipient
(None - Tax Expenditure)
NOMA Area Residential Tax Abatements
$515,327 6Tax Abatements*
CK MRP Washington
NOMA Area Residential Tax Abatements
$903,667 6Tax Abatements*
CS Residential
Nonprofit Tax Abatement: American Iron & Steel Institute
Howard Theatre $514,466 1TIF Debt ServiceHoward Theatre Restoration Co.
Madame Tussauds LLC $162,220 2TIF Debt ServiceMadame Tussauds Washington
Mandarin Oriental Hotel $4,509,100 6TIF Debt ServiceBondholders
District of Columbia Unified Economic Development Report on Proposed FY15 Budget
Page 17 of 18 in Appendix II
Agency Subtype/Description Value of Incentive
Ward
Appendix II: Detailed Economic Development Budget by Agency
Method of Expenditure
Recipient
Misc. Funds
Skyland (Note 3) $2,240,000 7TIF Debt ServiceRappaport/W.C. Smith
Verizon Center Renovation $3,481,162 2TIF Debt ServiceDC Arena, LP
Total Incentive under Agency Misc. Funds $124,305,137
$908,915,864Grand Total all Incentive Types
*Estimated value of tax abatements and exemptions based on information currently available. The final determination of abatement or exemption granted is made by the Office of Tax and Revenue subject to eligibility requirements, in accordance with applicable DC Code provision, and may differ from the estimate shown here.
4. Value as estimated by the Office of Revenue Analysis
1. Bond documents for certain TIF and PILOT projects require all project-based tax increment (or PILOT) to pre-pay principal on outstanding debt or be reserved for future debt service.
Notes
2. The project is designated for a future tax abatement, exemption, or credit; conditions for receiving such abatement or exemption are not expected to be reached during FY15.
3. Payments due on these bonds will be paid during FY15 from a capitalized interest account funded at bond issuance.
District of Columbia Unified Economic Development Report on Proposed FY15 Budget