Senate Gives Thumbs Up To $2B DC Waterfront Revamp

Law360, New York (March 30, 2012, 6:28 PM EDT) -- The U.S. Senate approved a bill Friday allowing for the redevelopment of Washington's Southwest Waterfront along the Anacostia River — a $2 billion, 10-year plan that includes the construction of new hotels, restaurants and residential buildings.

The bill gives the district authority over certain sections of the waterfront that are currently controlled by the federal government and allows it to lease or sell parts of the waterfront to developers, clearing the way for the decadelong redevelopment plan. It also allows a space that was once only...
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