Adrian Washington, AWC president and CEO, tells GlobeSt.com thatthe plan is a great compromise between the team owners pushing forabove ground parking, and the city, which expects to receive airrights and additional tax revenues pf $10 to $15 million peryear.

Separately, AWC will continue to vet the five development teamsselected earlierthis month out of 17 original bidders to redevelop 47 acres ofpublicly owned land along the Southwest Waterfront slated to betransferred to AWC. "We are conducting a round of interviews thisweek asking them follow-up questions based on their proposals. Theinterviews will be completed by Friday and we expect to winnow thelist to one, or possibly two or three finalists after that fairlyquickly." The final developer will be selected no later than latesummer or early fall. AWC will ask for Council ratification in lateSeptember.

Also on AWC's agenda are plans for the east side of the Stadium.By the end of summer, AWC will reveal finalized development plansfor those tracts, Washington says.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.