A critical land swap, the key to two major economic development projects would be forced forward under legislation being considered by the D.C. Council.
Ward 6 Council Member Sharon Ambrose, chair of the Economic Development Committee, has introduced a bill to mandate the immediate exchange of 34 valuable parcels along the Southwest Waterfront, currently held by the National Capital Revitalization Corp., for the 25-acre McMillan Reservoir site in Northeast, owned by the District. The swap is vital for the planned redevelopment of both the waterfront and the reservoir tracts, but legal and financial wrangling has stalled the months-long negotiations.
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