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History of the Mount Vernon Triangle Community Improvement District
The redevelopment of Mount Vernon Triangle began with an innovative and dynamic public-private partnership in 2002. The DC Office of Planning and ten major property owners in Mount Vernon Triangle worked for two years to develop a comprehensive plan to revitalize the area. The Office of Planning and Economic Development, National Capital Revitalization Corporation, District Department of Transportation, and the Mount Vernon Triangle Alliance were major partners. This collaborative effort produced the Mount Vernon Triangle Action Agenda, which then Mayor Anthony Williams unveiled in March 2004.
The Action Agenda includes five key action items, which are designed to ensure the successful development of the neighborhood:
- Developing comprehensive design recommendations for a truly livable neighborhood.
- Establishing a retail plan to identify and attract a healthy mix of urban shops and services, primarily on K and Fifth Streets to create active and vibrant streets.
- Coordinating capital improvements.
- Including great public spaces, green space, plazas, and public art.
- Creating a Community Improvement District.
The MVTCID was created to foster a clean and safe environment, market Mount Vernon Triangle, and coordinate planning of public and private investment with the District government. The marketing goal is to communicate Mount Vernon Triangle's emergence as a new and exciting neighborhood in the east end of downtown. And, the planning goal is to continue Mount Vernon Triangle's unique public-private partnership and focus on designing, zoning, and beautifying this new mixed-use neighborhood.
The MVTCID was created by Mayoral Order in May 2004 for five years under the Business Improvement District laws of the District of Columbia. In December 2006, a new tax structure was approved by City Council and made law in March 2007 by Congress. The current MVTCID tax structure is $0.35 per square foot of undeveloped land, or $0.15 per square foot of commercial property, or $120 per residential unit, or $90 per hotel room. Exempt properties include those institutions that are exempt from District real property taxes, properties with more than 25% Section 8 housing, senior housing, and residential properties with less than ten units.
Click here to download the Mount Vernon Triangle CID By Laws and Listing of the CID Board of Directors.
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