Metro plays landlord in Fairfax
It's no secret that Metro owns prime property around the area's Metro stations. The agency is seeing opportunity in many places as it pursues deals that would put transit-oriented developments on acres of valuable land at locations such as Rhode Island Avenue and New Carrollton stations.
But the transit authority finds itself in the house rental business in one location in Northern Virginia, according to a report by Kytja Weir in The Washington Examiner.
According to Weir's report, Metro bought the half-acre property in Fairfax County near the Vienna Metro station in 1974 as part of the construction of the Orange Line. The agency didn't need the land, though, and has rented the house to a single tenant ever since.
Weir's report says Metro received permission to sell the property, recently assessed at more than a million dollars, from its board of directors last week, but there is an issue with the zoning. Read the full story here.
By
Michael Bolden
| June 28, 2010; 8:43 AM ET
Categories:
Metro, Orange Line, Virginia
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