Radio One Returning To D.C.?
September 25, 2007 at 9:04 AM (PT)
RADIO ONE, the country's largest radio broadcasting company targeting black listeners, may be returning its headquarters to WASHINGTON, D.C. from LANHAM, MD in a proposed deal that would require the city to provide $22 million in public financing, according to THE WASHINGTON POST.
The 70-station Urban radio group would be the anchor of a 330,000-square-foot development atop the SHAW-HOWARD UNIVERSITY Metro station on Seventh Street NW, a few blocks south of HOWARD UNIVERSITY, where company chairwoman CATHERINE L. HUGHES began her career.
For more than a decade, HUGHES ran her company from a storefront on H Street NE and later the NBC complex near AMERICAN UNIVERSITY in Northwest. RADIO ONE moved to LANHAM in 1997, lamenting that the city's economy was declining and professing that PRINCE GEORGE's COUNTY and MARYLAND were pro-business.
The deal being negotiated by city officials, if approved by the D.C. Council, would bring RADIO ONE "back to its District roots," said NEIL O. ALBERT, Deputy Mayor for planning and economic development.