WHEN: Saturday, February 9, 2013, 11:30AM – 1:00PM
WHERE: The West End Library – 1101 24th St. N.W. (Corner of 24th and L)
N.W. (Corner of 24th and L)

Come learn the facts about the District’s plan to “sell” the public properties housing the West End Public Library, Special Operations Police Station, and West End Fire Station to private developer EastBanc-W.D.C. Partners, LLC, in what amounts to at least a $70 million giveaway.

The plan was touted as the only way to “redevelop” these public properties, because the City doesn’t have the money otherwise.

Under the proposed deal — a land for construction swap — EastBanc will pay no cash for the public property it acquires, which is worth an estimated $100 million, according to the CFO’s financial impact statements.

What will taxpayers get in return for this $100 million gift? EastBanc will include a new library on the ground floor of a luxury condo development, and a new fire station on the ground floor of the another housing development  over the firehouse, with easements for public access to each one.

EastBanc will then own the formerly public properties.

Does the City need to do this deal in this way? Couldn’t the City sell these public properties at fair market and reinvest the tens of millions into city services (including expanding library hours and finishing the library transformation process)?

Does this really sound like a good deal? Come learn the facts, and help rectify the $100 million taxpayer giveaway to EastBanc.

Hosted by: The D.C. Library Renaissance Project / West End Library Advisory Group

For more info: 202-387-8030
http://tinyurl.com/westend-math
http://tinyurl.com/bad-west-end-deal

The West End Library & Fire Station Deal: Bargain or Rip-Off?
WHAT: Public Forum on the West End Library and Fire Station Deal
WHEN: Saturday, February 9, 2013, 11:30AM – 1:00PM
WHERE: The West End Library – 1101 24th St. N.W. (Corner of 24th and L)
N.W. (Corner of 24th and L)