Interest Rates Could Slow Development — “Arlington County leaders are preparing for a difficult economic environment for multifamily development, even as they say they’re optimistic about the region’s future… [I]f the Federal Reserve pushes the federal funds rate to 3.5% by year-end as it has targeted, that could have serious repercussions, said Shooshan Co. Chairman John Shooshan, speaking at Bisnow’s Future of Arlington County event on Thursday.” [Bisnow]
Talent Driving Local Tech Strength — “Northern Virginia has become a magnet for the industry, with the Dulles Technology Corridor continuing its growth along the Silver Line and Amazon HQ2 going up in Arlington… Taylor said the upcoming Virginia Tech Innovation Campus in Alexandria and George Mason’s Fuse at Mason Square in Arlington are two projects that will be pivotal to ‘churning out more talent.'” [Axios]
Funding for DCA Runway Reconstruction — “Today, U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) announced $5,958,173 in federal funding for two Virginia airports… [including] $1,750,000 for Ronald Reagan Washington International Airport in Arlington, VA for the reconstruction of a runway.” [Press Release]
Business Is Booming at Airport — “Concession sales are booming at Reagan National and Dulles International airports as travel continues to rebound from the early days of the Covid pandemic. Since the start of 2022, concessions sales have grown 241% at National and 143% at Dulles.” [Washington Business Journal]
‘CraigPokesU’ Manager Profiled — “Blake Williams has 14 dragon tattoos and 12 piercings. Some of his body art you can see — like the ‘third eye’ on his forehead, the ring in his nose and the letters that spell out ‘kindness’ on his knuckles — while others fall into the ‘that’s private’ category, he says. Williams, 47, is the head piercer and shop manager at CraigPokesU on Langston Boulevard, just up the street from Cowboy Cafe.” [Arlington Magazine]
Arlingtonian Helped to Shape Region — “Chuck Bean has spent 10 years leading the Metropolitan Washington Council of Governments… Bean, who lives in Arlington, is unknown to many D.C.-area residents, but as liaison between COG’s 125 staffers and public officials representing 24 counties and cities, he has played a lead role in coordinating regional planning to improve transportation, combat climate change and encourage more housing construction.” [Washington Post]
Street Project Funded in F.C. –“he Northern Virginia Transportation Authority (NVTA) approved a $22.5 million project funding request from the City on Thursday for transportation improvements on North Washington Street. The North Washington Street Multimodal Improvements Project includes sidewalk widening, improved intersection geometry, signal improvements, crosswalks, utility undergrounding, lighting, and landscaping, between Great Falls Street and Gresham Place.” [City of Falls Church]
It’s Friday — Clear throughout the day and hot. High of 92 and low of 75. Sunrise at 6:02 am and sunset at 8:30 pm. [Weather.gov]