RandallW
They are advertising 3 floors of their building at 300 7th St as available for lease (https://www.wmata.com/business/real-est ... Street.pdf). Is being a landlord a new activity for WMATA then?
This would be a first and it is about time they started doing this. This will be a small source of revenue for the agency. WMATA acquired a hell of a lot of real-estate prior to construction. Frankly I think they should have leased it based on the square footage developed on that real-estate instead selling it out right with an easement. The only development using that schema that WMATA did is the one at the Rhode Island Avenue station.
Many transit systems elsewhere in the world profit on the real-estate they own through development, Hong Kong MTR is but one example.
They are advertising 3 floors of their building at 300 7th St as available for lease (https://www.wmata.com/business/real-est ... Street.pdf). Is being a landlord a new activity for WMATA then?
This would be a first and it is about time they started doing this. This will be a small source of revenue for the agency. WMATA acquired a hell of a lot of real-estate prior to construction. Frankly I think they should have leased it based on the square footage developed on that real-estate instead selling it out right with an easement. The only development using that schema that WMATA did is the one at the Rhode Island Avenue station.
Many transit systems elsewhere in the world profit on the real-estate they own through development, Hong Kong MTR is but one example.
John in the sand box of Maryland's eastern shore.