WASHINGTON, DC –A subsidiary of The Washington Post intends to sell two shipping terminals in Old Town Alexandria that had been used for receiving locations for pulp and newsprint.
Robinson Terminal Warehouse Corp., a wholly owned subsidiary of the newspaper, has been using the facilities that total approximately 600,000 sf for storage purposes, according to the Washington Post.
The warehouses, located about a half mine from each other adjacent to the Potomac River, are locations that city officials consider as critical to the redevelopment of the waterfront district.
Alexandria Mayor William Euille said the newspaper's decision to sell the warehouses “removes a potential stumbling block” to the city's redevelopment plans.
“I think this is a positive thing because it removes any concern about whether The Washington Post will be a participant or player in the waterfront,” Euille said. “They're simply saying they're cashing out, they're walking away. Hopefully new owners . . . will embrace the waterfront concept and participate in the future of Alexandria.” See story in The Washington Post.
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