The District of Columbia’s plan to issue about $200 million of bonds for its $1.1 billion Southwest Waterfront redevelopment project got preliminary approval from the District Council last week.

The council at its July 15 meeting will consider the bill, which would provide about $198 million in a combination of tax increment financing and bonds backed by payments in lieu of taxes, said Ruth Werner, legislative analyst for councilman Jack Evans. Werner said she expects the council to have some “technical amendments,” but that the total amount of debt most likely will not change.

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