The District of Columbia plans to fund a 5.5-acre waterfront park along the Anacostia River with $42 million of bonds backed by payments in lieu of taxes, Mayor Adrian M. Fenty announced last week.

The district will partner with developer Forest City Washington, which will build and maintain waterfront park, called the Park at the Yards, along the Anacostia River that is expected to be completed by mid-2010.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.