Breakfast links: Capitals and Wizards to remain at Capital One Arena with $515 million upgrade deal
Bowser and Leonsis agree to $515 million Capitol One Arena upgrade after Alexandria arena plans fail
Mayor Muriel Bowser and Monumental Sports owner Ted Leonsis have struck a deal to renovate Capital One Arena with $515 million in funding from DC over three years, ensuring the Washington Wizards and Capitals stay in the city until 2050. The agreement, which requires DC Council approval, includes numerous provisions related to parking, public safety, increased office space, and transportation. (This article is behind a paywall). (Business Journal)
Key Bridge collapse investigation continues while discussions about preventing similar tragedies unfold
Divers recovered the bodies of two construction workers from a submerged truck near the collapsed Francis Scott Key Bridge and multiple agencies are involved in investigating the collapse. The cargo ship responsible for the collapse carries hazardous materials but poses no immediate threat. Some engineers have raised questions about the bridge’s inadequate protective barriers, known as “dolphins,” intended to buffer crashes. (These articles are behind paywalls). (Baltimore Sun, Baltimore Banner)
Arlington receives federal funding to clean up watersheds that lead to Chesapeake Bay
Arlington County has been granted nearly $300,000 as part of a $206 million federal grant to aid in the restoration and protection of the Chesapeake Bay. The funding will support the construction of Green Street rain gardens in the Barcroft neighborhood to mitigate stormwater runoff and prevent pollution of Grandma’s Creek, which runs into the Potomac River and the Chesapeake Bay. Additionally, the grant will facilitate tree planting, community education programs, and outreach initiatives aimed at underserved populations. (James Jarvis / ARLNow)
Colonial Village in Arlington tops list as best neighborhood in America
According to the latest rankings by Niche, Arlington’s Colonial Village emerges as the top neighborhood in the United States. Boasting affordable housing, excellent schools, vibrant nightlife, and easy access to amenities, the neighborhood garners praise for its diverse offerings. (ARLNow)
Baltimore secures federal grant to revamp Druid Hill Park roads
Baltimore’s Department of Transportation is set to receive a $6 million federal grant to enhance roadways encircling Druid Hill Park, making them safer for pedestrians, cyclists, and public transit riders. The project aims to address safety concerns and reconnect communities surrounding the park, which were disconnected by past road expansions. Plans include adjustments to speed limits, reduction of car lanes, additional pedestrian crossings, and bike lane installations. (This article is behind a paywall) (Daniel Zawodny / Baltimore Banner)
Public Buildings Reform Board pushes Fed to downsize low-occupancy buildings
A new report from the Public Buildings Reform Board sheds light on office buildings operating at a very low occupancy level, some at less than 2% occupancy. It emphasized the unsustainable nature of maintaining underutilized government buildings and called for offloading real estate, which could have significant consequences for DC. (This article is behind a paywall). (Tristan Navera / Business Journal)
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