D.C. Plans $42 Million TIF Deal to Finance Target Parking Garage

Vadum, Matthew
October 2004
Bond Buyer;10/28/2004, Vol. 350 Issue 31999, p7
Trade Publication
The article presents information that the District of Columbia will issue $42 million of tax-increment financing promissory notes to finance the construction of parking facilities for the city's first-ever Target store. The project involves the construction of a 4 65,000 square-foot shopping complex called DC USA. which would be anchored by the Target store. The property is currently a vacant lot. The $42 million of tax-exempt financing will be used lo build an underground parking garage with 1,000 spaces at the site.


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