Campus Investment
As an enormous opportunity to infuse Southeast Washington with robust economic activity, the single largest development and investment site in the City boasts an exquisite level of place-making and architectural detail that make it an appealing destination in its own right, even in advance of reinvestment.
In anticipation of the transformation of St Elizabeths East into a nexus for business, academic, entrepreneurial, and government ventures, the District of Columbia is making significant investments to enhance the already spectacular environs of St Elizabeths and ensure that any future re-investment enhances the existing attributes of the campus and affirms its role as a supra-regional destination.
Recent investments by the District of Columbia include a Fiscal Year 2013 Capital Budget Allotment of $58 million to be used toward infrastructure improvements. To date, the District has made the following investments in the St. Elizabeths East redevelopment:
- $2.7 million in infrastructure and entitlement planning
- $4.5 million in historic building stabilizations
The comprehensive FY 2013 -2016 Capital Budget Allotment for St Elizabeths East is $113.5 million.
Additionally, Phase 1 Environmental Site Assessments (ESA) have been completed for St Elizabeths East, and performance of a Phase 2 ESA for the entire site is scheduled for the summer of 2012.