District of Columbia: Status of the New Convention Center Project

摘要

The report reviews the Washington Convention Center Authority's (WCCA) efforts to211u001earrange for financing and constructing a new convention center in the District of 211u001eColumbia. It provides the status of WCCA's progress in the following two areas: 211u001eThe estimiated cost of this project, including the Guaranteed Maximum Price (GMP) 211u001efor constructing the new convention center, and the risk exposure for both the 211u001econtractor and the District; The Financing Plan, including proposed changes to 211u001ethe revenue base, history of dedicated tax collections, projections for future 211u001erevenues, and sufficiency to cover the GMP and other the GMP and other project 211u001ecosts.