If you ask any young professional in
D.C. which neighborhoods are the most exciting, the H Street NE corridor would
be at the top of most lists.
One would think that officials who
oversaw the transition of a neighborhood that barely survived the 1968 riots to
one that teams with nightlife would be thrilled. However, after joining the
Coalition for Smarter Growth on a walking tour of the area led by Ward 6
Councilman Tommy Wells, I learned that there is some trepidation about H
Street’s title as D.C.’s newest hotspot.
In 2003, D.C. officials chose H Street
as the site of its first streetcar line. And in 2005 the corridor became part
of the Great Streets Initiative to turn create an inviting and vibrant neighborhood.
To create their vision of an attractive
area with a mix of housing, retail, and dining options, the city tried innovative
techniques to spur economic growth along the corridor including tax increment
financing, grant programs and other financial tools.
H Street NE was one of six commercial corridors
to receive funding from the D.C. government to attract local business and
improve the retail options in the area in 2007. Tax increment financing is a tool that
municipalities use to finance new developments or rehabilitation projects in
strategic areas, with the idea that the money would be repaid through future gains from
increased tax revenues as property values rise due as a result of the initial investment.
Residents debate the effectiveness of
TIF on H Street as some on the tour stated that it has been used to attract
major tenants like Giant or established more bars and restaurants that leave
the neighborhood lively at night but deserted during the day. In other cities
like Chicago, TIF districts are a great example of how public-private partnerships can revitalize areas.
D.C. officials have also established a
grant program to support small businesses, as well as a tax on vacant
properties to decrease vacancy rates and attract other businesses.
To combat the nightlife “problem,” the
ANC has created a moratorium on new liquor licenses and is using its status as
an overlay-zoning district to ensure that both residents have access to
entertainment and needed commercial businesses like barbershops, grocery
stores, and bookstores.
I look forward to the day I can ride
the streetcar from Union Station to the H Street Country Club for a pint or
wander aimlessly on a Saturday morning. And today’s walking tour proved that
the future is not too far.
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