Revitalization Of Anacostia Waterfront

[Guest DC Government]

The DC Council approved legislation as proposed by Mayor Anthony A. Williams to establish the Anacostia Waterfront Corporation (AWC). This new public entity will be charged with leading the revitalization of the District's Anacostia Waterfront.

 

"I applaud the Council for supporting this important legislation that assures the revitalization of the Anacostia Waterfront," said Mayor Williams. "This corporation will be one of the most significant initiatives in the life of our city. The days of the Anacostia being the 'forgotten river' are over. This corporation will be the springboard for fundamentally remaking life along the shores of the Anacostia. I commend Chairman Cropp, Councilmember Brazil, and Councilmember Ambrose for their leadership in moving this legislation forward."

 

The Anacostia Waterfront Corporation will coordinate the implementation of a 25-year plan that calls for the redevelopment of land currently either underutilized or not utilized at all. Additionally, the AWC will help coordinate efforts to clean up the river with the goal of making the river swimmable by 2025.

 

Already, more than $1 billion in public and private investment has been committed to waterfront-related projects. Over the next five years, the AWC will coordinate a public investment strategy which will facilitate the construction of more than 3 million square feet of new office space, more than 4,500 units of new housing, 32 acres of new public parkland, and a 20-mile riverwalk along both sides of the river. These new uses are expected to generate up to $1.5 billion in new tax revenues over the next 20 years, in addition to more than $4 billion in private investment.