These are the New Convention Center Hotel Omnibus Financing and Development Act; the Payment in Lieu of Taxes Revenue Bonds Southeast Federal Center Project Approval Resolution; and the Payment in Lieu of Taxes Revenue Bonds the Department of Transportation Project Approval Resolution. The New Convention Center Hotel legislation provides financing for the construction and development of a $550-million Convention Center Headquarters Hotel, through the issuance of up to $175 million in Tax Increment Financing bonds. Marriot International and RLJ WCC will receive up to $135 million net TIF bond proceeds to develop a 1,434-room convention center hotel.

The other two bills authorize $230 million in Pilot bond issuances to finance or reimburse Forest City Washington for $88 million in infrastructure costs related to the Southeast Federal Center Development and to provide infrastructure funds for Anacostia Waterfront Initiative projects. Forest City's proposal for a $1.5-billion Southeast Federal Center mixed-use community calls for 2,700 units of residential housing, 1.8 million sf of office space, up to 400,000 sf of retail and cultural amenities, a new park and riverfront esplanade and other infrastructure -–totaling 5.3 million sf of new development.

The US Department of Transportation Pilot resolutions will provide for up to $75 million for Anacostia Waterfront Initiative infrastructure projects and improvement on projects such as Poplar Point, Parkside, Southwest Waterfront and Kingman Island. "I am excited to use this new tool in our economic development toolbox, the Pilot, to help spur economic development along the Anacostia River," says Deputy Mayor Stan Jackson. "This is a huge step towards the realization of the vision laid out in the Anacostia Waterfront Initiative."