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@Boris, my take is that a large portion of the funding would come from sale of air rights, developer payments and revenue to pay bonds from leases of retail space. By expanding on the retail space, adding bars/restaurants, it would make Union Station even more of a major center retail and public place in DC. Just think of all the tourists shopping and eating there.

How much is Apple paying MTA for the store space in Grand Central Terminal? How much would some retail or high tech companies be willing for pay for high profile location in THE cross road center in DC - in walking distance from Capitol Hill?

The potential revenue from retail, sale taxes, air rights won't pay for all of it, but it could make a significant contribution towards the $7 billion.

by AlanF on Jul 25, 2012 4:29 pm • link • report

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