By Eugene L. Meyer:
“…To encourage conversions in the nation’s capital, where the office vacancy rate is around 11.4 percent, the district’s Council members are considering legislation to provide a tax abatement of up to $20 per square feet for 10 years, capped at $5 million a year. The DowntownDC and Golden Triangle Business Improvement Districts, two adjoining associations of property owners that represent the area, back the legislation…”
Read more via The New York Times