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Frank: as quoted above, the proposal says that the Phase 4 proposal requires boring new tunnels from the Anacostia. Either that's to deal with the grade change, or there's an operational bottleneck in between.

My point wasn't that air rights development didn't exist (what else could require "building out a platform over a working station"?) but that Akridge paid only $10M to GSA, and that amount disappeared into general government. That low price is largely the result of the height limit; similar value-capture strategies elsewhere that include taller towers have yielded much higher prices. San Francisco expects to pay for 2/3 of its new Transbay Terminal through development.

by Payton on Jul 26, 2012 9:32 am • link • report

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