City Council Grants Stanton/Eastbanc Six Month Extension of Hine Closing Date
by Larry Janezich
The City Council passed emergency on Wednesday night granting Stanton/Eastbanc six additional months to close on the Hine project. The developer was facing a July 13 closing date deadline but owing to at least two major issues, had been unable to fulfill the requirements imposed by the city prior to closing. Although approvals of the HPRB and the Zoning Commission have been achieved, the developer has not been able to obtain demolition, sheeting and shelving permits and in addition has not been able to secure financing for all development and contractual obligations.
Councilmember Muriel Bowser, Chair of the Committee on Economic Development, managed the legislation, and said there had been many delays on the project, citing specifically, litigation filed by neighbors before the DC District Court of Appeals appealing the Zoning Commission’s approval of the PUD.
Although the Mayor had requested a one year extension and that request had been endorsed by ANC6B, Bowser offered an amendment to provide a six month extension. Bowser said that the building on the Hine site was becoming a blight on the neighborhood and implied that the shorter time limit was aimed at encouraging all parties to come to an agreement.
The Bowser amendment was accepted and the bill providing the extension passed unanimously on a voice vote, with Councilmember Barry recusing himself citing a standard excuse, that he may or may not know principals involved in the project.