We enjoyed meeting with the Ward 1 Reeves Center community. If you happened to have missed the meeting or simply wish to share with neighbors, friends and family feel free to share! Thanks.

1. Elevating the Quality of Life in the District
Reeves Center Disposition Meeting
December 17th, 2013

2. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
INTRODUCTIONS AND PURPOSE OF THE MEETING
 Introductions
 Overview of the DC United Stadium Transaction
 Update on the District’s proposed swap of the Frank D. Reeves Municipal
Center
 Status of the Reeves Re-Development
 Project timeline
 Next Steps
 Q&A

3. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
DC UNITED STADIUM TRANSACTION
 The District would act as a horizontal developer and assume the
cost of land acquisition and infrastructure (approximately $150
million)
 DC United would construct the stadium (approximately $150
million).
 Sales Tax abatement (on stadium related revenues, such as ticket
sales, food and beverage sales, merchandise sales, etc.)
 Above a certain annual revenue threshold, the District would
participate in revenues to offset sales tax abatement
 The District would acquire the Soccer Stadium site primarily
through land swaps, including the Reeves Center site and other
sites.
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4. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
DC UNITED STADIUM TRANSACTION
CBE/Workforce Provisions
 50% of all development related contracts (i.e. design,
construction, etc.) to go to CBE businesses with 35% to small
and 20% to disadvantaged business enterprises.
 51% of Stadium jobs (ticket takers, guest services, ushers,
food service, etc.) would go to District residents
 35% of all stadium operation contracts (i.e. janitorial, food
service, security, etc.) to go to CBE businesses.
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5. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
DC UNITED STADIUM TRANSACTION
Timeline
 Council Package to Council - December 2013
 District delivers Buzzard Point site to DC United –
March 2015
 Stadium completed – 2016
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6. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
REEVES CENTER SWAP
Reeves has done an admirable job of anchoring the U Street
neighborhood and leading its revitalization, but it is no longer
needed to serve that role
Due to its design, the building does not maximize the available
space, which is an inefficient use of the land.
Not only is the building configuration inefficient, the building
itself is aging, relatively inefficient and expensive to maintain and
has a substantial level of deferred maintenance.

7. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
REEVES CENTER SWAP
By putting Reeves in the private market, the value of that
unused land will be recognized and the full value of the land
and the development on it will be returned to the tax rolls
We expect the “New Reeves” to contribute the MLK/Good
Hope Road neighborhood as an economic development
anchor the way Reeves contributed to U Street

8. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
REEVES CENTER PROJECT TIMELINE

DGS Conducts Relocation Planning – Beginning December 2013
 Close on Buzzard Point/Reeves Swap – Early to mid-2014
•
The Swap Transaction Provides a Lease Back for Three (3)
Years
 DGS Selects New Reeves Developer – Late 2014
 New Reeves Completed/Occupied - Late 2016
 Reeves Site Delivered to Akridge – Late 2016

9. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
REEVES REDEVELOPMENT

Akridge’s intention is to build a class-A mixed-use project that
complements and supports the existing neighborhood. It will
likely include a significant retail and multifamily component,
although other uses will also be explored as the project proceeds
to the development stage.
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10. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
REEVES TENANTS

Analyze current Reeves tenants that would move to “New
Reeves”
 Analyze current Reeves tenants that would not move to “New
Reeves” based on the services provided and the populations
served.
 Analyze tenants currently in leased space that would move to
”New Reeves”
 Identify new space for current Reeves tenants that would not
move to “New Reeves”
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11. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
NEXT STEPS
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12. Elevating the Quality of Life in the District
Elevating the Quality of Life in the District
Any additional questions
and/comment can be sent to
kenneth.diggs@dc.gov
Website: dgs.dc.gov
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