Radio One's Move Back To D.C. On Hold
November 16, 2007 at 2:56 PM (PT)
RADIO ONE's plans to relocate back in WASHINGTON, D.C. has suddenly faced a setback of sorts, as D.C. Council members rejected a plan to give the developers city-owned land worth $6 million, as well as $16 million in public financing, says THE WASHINGTON POST. Council members KWAME R. BROWN and JACK EVANS told the planning and economic development office to renegotiate the deal with Broadcast Center One, because they don't want to just "give away land," as EVANS said.
RADIO ONE wants to move into a $115 million development that would be built atop a local Metro station. One adviser to the Office of the Chief Financial Officer suggests that the city could increase public financing to help Broadcast Center One offset the cost of buying the city land.