$74M in TIF Bonds Sold for Gallery Place Project

WASHINGTON, DC-The 650,000-sf, $275 million Gallery Place Project attains its final financing as the city sells $73.6 million in Tax Increment Financing bonds.

By Barbra Murray | May 06, 2002 at 01:01 AM

"With the sale of TIF bonds for the Gallery Place Project, we continue to see the transformation of our downtown from a center of commerce to a neighborhood that happens to be located in the center of our city Mayor Anthony A. Williams says upon announcing the funding. Gallery Place--with its 192-unit housing complex, 14-screen movie theater, offices, stores and restaurants--is scheduled for completion in the fall of next year.

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