Fiscal & Economic Benefits Confirmed


Fiscal and Econ Benefitsv2The impact of the New McMillan is far reaching; some elements are observable, like parks, open space and a master plan integrated into the fabric of the neighborhood, while others less visible, such as the long-term economic impacts and job creation continuing long after completion. These impacts have been well publicized – $1.2B in new tax revenues over 30 years, 3,000 new constructions jobs and 3,200 permanent jobs. What is the source of these estimates? Are they correct?


Part of the early entitlement process, VMP retained Green Door Advisors (“GDA”) to conduct a fiscal and economic impact analysis of the proposed redevelopment to the District over a 30-year period.  Publicized in a 2011 report, their analysis took account of all relevant District revenues and expenditures expected and incurred from redevelopment.


Changes to the development program resulting from the evolution of the master plan are well documented and have been highlighted by VMP over the past few months during zoning commission hearings. Has the evolution of the development program diminished the economic impact and job creation benefits?


Robert Charles Lesser & Co (“RCLCO”), a renowned expert in strategic real estate impact analysis, conducted a thorough peer review of the 2011 report to confirm three key points – is the GDA methodology sound, is the level of economic impact still valid and are job creation estimates still correct.


In their findings, available here for review, RCLCO confirms the methodology used in the original analysis and states, “changes to the development program would not have a material impact on the very positive results in the GDA study, and would probably result in an even more positive fiscal impact”.


Has the delay in construction lessened the number of jobs created? In their peer review, RCLCO finds, higher development costs from the 2011 estimates may lead to even more construction jobs than the original GDA estimate.


The plan for the New McMillan has evolved for the better since 2011, while the exceptional Job Creation, Fiscal & Economic Benefits to the District remains a key principle of the project.



Latest News

On November 22nd, Vision McMillan Partners and the Office of the Deputy Mayor for Planning and Economic Development jointly filed a Planned Unit Development– or PUD– application to the DC Zoning Commission.  The application included both a “Stage One” Master Plan and a “Consolidated Package” depicting the buildings planned for the phase one.  We will keep you updated on the public schedule moving forward, including hearings and meetings.  In the meantime, you can click here to view the application.  Simply click “Search by Applicant/Case Name” and enter “McMillan” as the search term.

Click here to view the Washington Business Journal’s recent coverage of the PUD application.

Take a minute to visit VMP on our new Facebook Page and “like” us to receive news and information via Facebook. We’ll be using the page to solicit your feedback on things like public art and park design and will keep you up-to-date on upcoming hearings, meetings and opportunities to engage in the process.

We look forward to seeing you on Facebook!

Tania Jackson

Neighborhood Outreach Coordinator


Economic Development Roundtable & City Paper Coverage

Economic Development Roundtable & City Paper Coverage

Hello! There’s even more in McMillan News:

On September 19th Councilmember Michael Brown, who chairs the Economic Development Committee, held a roundtable discussion on the McMillan Sand Filtration Site.  Ward Five Councilmember Kenyan McDuffie joined him for the entirety of the hearing, and staffers for other councilmembers were on hand to hear testimony from the Vision McMillan Partners, neighborhood residents, ANCs, civic associations and area organizations.

On September 20th, the City Paper covered the roundtable and gave a McMillan Update.  Taking over the Housing Complex blog, Aaron Weiner quotes Councilmember Brown who said, “I am extremely serious about getting past the rhetoric, the half-truths and frankly some of the deliberate false information that some chose to put out instead of having honest discussion.”    The article also garnered an interesting collection of comments… knowing the actual players involved, I think it’s safe to say that there are some playful masqueraders weighing in.

Finally, on September 21st, Housing Complex followed up with a quick look into what it would take to expand the park space across 1st Street to the west and into the site controlled by the Army Corps of Engineers, where the original McMillan Park existed.