D.C. Council OKs $23M for Radio One HQ
January 9, 2008 at 7:50 AM (PT)
The WASHINGTON D.C. Council has approved a $23 million subsidy for the mixed-use BROADCAST CENTER ONE development in the Shaw neighborhood, which will include new headquarters for RADIO ONE INC.
The deal is slated to bring 103,000 square feet of office space, close to 25,000 square feet of retail, 180 rental apartments and a 195-spot underground parking garage, which will provide parking for the renovated HOWARD THEATER on T Street.
RADIO ONE currently owns 54 stations, which primarily target African-American and Urban listeners.