The District will give up millions of dollars it could have reaped from the sale of developable skyline over Interstate395 to quickly advance construction of a massive mixed-use project above the freeway.
Under a settlement agreement approved by the D.C. Council but still to be finalized by the courts, the Louis Dreyfus Property Group will purchase the so-called “air rights” above the cavernous Center Leg Freeway for fair market value, estimated at $52 million.
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