The Washington Business Journal reports that the Council passed legislation today that will enable construction to begin on the the 1,167-room Marriott Marquis Convention Center Hotel at Ninth Street and Massachusetts Avenue. Specifically, the legislation provides that the city will finance $206 million of the project’s final cost -- with another $2 million dedicated to apprenticeship programs for D.C. workers -- while the developers contribute $331 million in debt and equity.
Back in June, the Business Journal reported that construction could start this Fall if the Council passed this legislation today. I've got my fingers crossed that the hotel indeed breaks ground in the coming months. Completion of the hotel -- which will, among many other things, bring ground floor retail to lower Ninth Street in Shaw, keep convention-goers in the area, provide jobs, help attract conventions, and give us a beautiful, iconic building where surface parking now exists -- will be a major boon to the area.