News
New Law May Hurt Condo Projects
April 20, 2015
The DC Council passed a law last year to make gassing up more convenient but it puts the fate of some Georgetown developments in a precarious position. The law prohibits the sale of a gas station for "any other use," including being demoted to a gas-and-go, without approval from a new Gas Station Advisory Board. The only exception is "extreme financial hardship" and there has to be an equivalent gas station within a mile. For instance, Eastbanc plans to buy two gas stations and replace them with new housing, the Georgetown Metropolitan reports. Meanwhile, the site of an Exxon at Q and Wisconsin is under contract, with plans to become a residential development as well. [GM]
