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Tuesday, March 26, 2013

Fairfax County Could Sell Air Rights to Fight Tolls

With tolls projected to increase, officials are looking into air rights sales.

Fairfax County is exploring how selling air rights could help reduce tolls on the Dulles Toll Road that are expected to shoot up with Phase II of the Silver Line construction. Supervisor Pat Herrity (R-Springfield) asked staff last week to look into the cost of a study determining how much money the county could charge developers for the right to build over the Toll Road and new Silver Line Metro stations. Air rights over roads and rail have been sold numerous times in New York City. For example, the 58-story Metlife building in New York is built in air rights above Grand Central Terminal. The city is also hoping to make as much as $750 million for mass transit improvements through air rights sales around Grand Central, according to …

In this Article:

Dulles Rail Phase I is 89 Percent Done, Officials Say (in Tysons Corner Patch) and Silver Line Tunnel Safe, Study Says (in Tysons Corner Patch)

Cassie

10:47 am on Tuesday, March 26, 2013

I think it would help tie one side of development with another on opposite sides of the toll road.   more ›

Friday, November 30, 2012

City Breaks Ground on New Falls Church Hotel

Palmer Gosnell Hospitality, LLC plans to open Hilton Garden Inn early 2014.

It’s been more than four years in the making but construction of a six-story Hilton Garden in the City of Falls Church is underway. Thursday, city officials and the owners of Palmer Gosnell Hospitality, LLC were on hand to break ground on the $25 million project. The hotel is expected to open between March and April 2014. The hotel will be the city’s first amenity hotel. “We just think it’s a great location,” said developer Rich Palmer. “There’s not a Hilton Garden Inn near here, and it’s a great brand.” City Council approved the project that will see a hotel come to the 700 block of W. Broad St. in July of 2011. Rick Goff, director of the city’s Economic Development Office says the fiscal impact of the hotel should bring $550,000 a year …

In this Article:

Falls Church Council Approves Land for Hotel Project

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