Million-Dollar Properties, $1 Deals

Cross-posted from WAMU
by Patrick Madden

No. 2 in the series:  Deals for Developers, Cash for Campaignsone dollar development deals pic

Few developers were better at winning D.C.’s taxpayer-owned real estate than Blue Skye Construction and Donatelli Development. The two firms have won or partnered on a quarter of the land deals since 2008, a total of five projects that span the city.

The appraised value of all this public land, according to city records: $17.5 million.

The price paid by the developers to the city, a little more than a parking ticket: $88.

one dollar development deals

* Blue Skye’s owner Scottie Irving said his firm Blue Skye Construction was contracted for the project but is no longer involved.

The District government has given away more than $200 million of taxpayer-owned land to private developers over the past five years. The city sold or leased these surplus properties at deeply discounted prices. The firms winning these deals are required to build affordable housing and hire local businesses.

A WAMU investigation found that these properties often ended up in the hands of politically connected developers who donated handsomely to local campaigns, and the jobs promised by developers sometimes went to individuals with political ties to city officials.

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