Source: The Business Journals: Washington, D.C.

The Line Hotel: Audit finds D.C.'s Line hotel failed to meet criteria for $46M tax break

An auditor hired by the D.C. government has found the owner of the Line D.C. hotel failed to comply with two requirements that would allow the hotel to receive a planned $46 million tax abatement from the city. The accounting firm, F.S. Taylor, found that Adams Morgan Hotel Owner LLC only provided 323 construction-related jobs to D.C. residents over the life of the project, whereas the tax abatement law required 342 jobs to be provided. The report also found that only 14 of the 28 apprentices...

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$100K-5.0M
Est. Employees
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