DC
05/22/2013 09:36 am ET

Empty Promises: Developers Often Don't Deliver

Donatelli Development won the right to develop public land over two Metro stops after proposing one neighborhood receive a share of the property’s annual rental profit. The other would get 17,000 square feet of shops and restaurants.

Sweetening the deal for D.C.? The developer said no public subsidies were needed.

But years later, the developer scored a 20-year tax break worth millions of dollars. And the other proposed neighborhood benefits weren't delivered.

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