WASHINGTON, DC-The city government here has released details about its “Great Streets” Initiative to redevelop underinvested DC parcels in corridors in such neighborhoods as Bellevue, Deanwood and Shepherd Park that are publicly or quasi-publicly owned. The Office of the Deputy Mayor for Planning & Economic Development points to sites such as the historic Howard Theatre (adjacent to 7th Street NW) and properties owned by the National Capital Revitalization Corp. and Metro as possibilities.

The office’s FY 2006 budget includes up to $16 million to be invested in economic and community development activities in certain neighbors. Those funds will be matched by over $100 million in transportation, streetscape, and transit improvements through the District Department of Transportation.

The targeted corridors designated as “Great Streets” includes: 7th Street–Georgia Avenue NW (Mount Vernon Square to Eastern Avenue); H Street NE (North Capitol Street to 17th Street NE); Benning Road NE (Bladensburg Road to Southern Avenue) and Martin Luther King Jr. Avenue SE + South Capitol Street (East of the Anacostia River–Good Hope Road to Southern Avenue.) Others include Pennsylvania Avenue SE (2nd Street SE to Southern Avenue), Minnesota Avenue (Good Hope Road to Sheriff Road) and Nannie Helen Burroughs Avenue NE (Ward 7.)

Development assistance for these areas include site location, gap financing on planned projects, site acquisition, property tax abatements and zoning. Neighborhood retail tax increment financing is in the pipeline.

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