Logosm.gif (1927 bytes)
navlinks.gif (4688 bytes)
Hruler04.gif (5511 bytes)

Back to Office of the Deputy Mayor for Planning and Economic Development main page

Eric Price, Deputy Mayor for Planning and Economic Development
Resignation press release
October 6, 2004




Dorothy Brizill
Bonnie Cain
Jim Dougherty
Gary Imhoff
Phil Mendelson
Mark David Richards
Sandra Seegars


DCWatch Archives
Council Period 12
Council Period 13
Council Period 14

Election 1998
Election 2000
Election 2002

Election 2004
Election 2006

Government and People
Anacostia Waterfront Corporation
Boards and Com
Campaign Finance
Chief Financial Officer
Chief Management Officer
City Council
Control Board
Corporation Counsel
DC Agenda
Elections and Ethics
Fire Department
FOI Officers
Inspector General
Housing and Community Dev.
Human Services
Mayor's Office
Mental Health
Motor Vehicles
Neighborhood Action
National Capital Revitalization Corp.
Planning and Econ. Dev.
Planning, Office of
Police Department
Property Management
Public Advocate
Public Libraries
Public Schools
Public Service Commission
Public Works
Regional Mobility Panel
Sports and Entertainment Com.
Taxi Commission
Telephone Directory
University of DC
Water and Sewer Administration
Youth Rehabilitation Services
Zoning Commission

Issues in DC Politics

Budget issues
DC Flag
DC General, PBC
Gun issues
Health issues
Housing initiatives
Mayor’s mansion
Public Benefit Corporation
Regional Mobility
Reservation 13
Tax Rev Comm
Term limits repeal
Voting rights, statehood
Williams’s Fundraising Scandals


Appleseed Center
Cardozo Shaw Neigh.Assoc.
Committee of 100
Fed of Citizens Assocs
League of Women Voters
Parents United
Shaw Coalition



What Is DCWatch?

themail archives

Press Release For Immediate Release

October 6, 2004

Deputy Mayor Price to Leave District Government

Will become Senior Vice President, Neighborhood Markets, for Local Initiatives Support Corporation (LISC)

(Washington, DC) – Deputy Mayor for Planning and Economic Development Eric W. Price today announced he will be leaving the District government and become Senior Vice President, Neighborhood Markets, for Local Initiatives Support Corporation (LISC). Price will transition after concluding work on several major economic proposals over 6–8 weeks.

"It’s been an honor to serve this Mayor, the Administration and our City. I appreciate the opportunity I have been given to work with so many talented people to assist in the redevelopment of the District. I’m very proud of the work that we’ve done—and continue to do—and I’m looking forward to the new challenges in my life."

Development Across the District

Since 1999, Price has served as Deputy Mayor for Planning and Economic Development in the District. In his role, Price coordinates the execution of the District’s economic development programs and policies, including neighborhood, downtown and waterfront development. He oversees the District’s development financing programs, planning and disposition of District properties, as well as eight city agencies with a combined total of 1,000 employees and an annual operating and capital budget of more than $120 million.

During Price’s tenure, several major projects and programs have been initiated and completed. Price implemented the District’s highly successful $300 million tax increment financing (TIF) program. Since 1999, the TIF program has provided $150 million in funding for five projects, generating over 1,000 permanent jobs in the District. Projects include a 400 room Mandarin Hotel; a 400 room Embassy Suites hotel; a mixed use downtown project (Gallery Place) consisting of 230,000 sq. ft. of retail, 197 condos, 300,000 sq. ft. of office; and the International Spy Museum.

He has also overseen:

  • the financing of more than 14,000 units of affordable housing;
  • and 15 property dispositions, including the $100 million Freedom Forum sale.

Price also established several new programs and agencies to carry out Mayor William’s goals and objectives, including the Washington, DC Marketing Center, DC Business Connections, the National Capital Revitalization Corporation and the Home Again, ReStore DC and Downtown Retail TIF programs.

"Eric has been a spectacularly talented member of my cabinet who has been very loyal to my vision of economic development in this city," said Mayor Anthony A. Williams. "He’s been a team player in every sense of the word—supportive, creative, competent and skilled. Eric’s also a personal friend of both me and my wife Diane, and I will miss him greatly."

Price is currently managing the planning and disposition of a $700 million mixed use/mixed income development downtown and a $500 million Convention Center hotel. He is also currently seeking City Council approval for two neighborhood retail developments that include a Target (the District’s first) and Costco.

Responsibilities at LISC

LISC is a national organization that helps non-profit community development corporations change distressed neighborhoods into healthy communities. LISC, headquartered in New York City, operates 38 local programs, has a staff of 400 and a combined annual operating budget of approximately $100 million. In his role as Senior Vice President, Price will oversee and provide guidance to a number of national initiatives that support LISC’s work, including: the Center for Commercial Revitalization; the New Markets Tax Credit initiative; LISC’s economic development lending: the Community Investment Collaborative for Kids; and the Youth Development and Recreation Initiative.

Price will be a member of LISC’s senior management team, including serving on the Program Operations Committee, national Credit Committee and other senior management committees. He will also develop new partnerships at the national level to support LISC’s local work in revitalizing neighborhood markets.

Price will be based in the Washington, DC office but will spend substantial time in the headquarters office in New York.

Back to top of page

Send mail with questions or comments to webmaster@dcwatch.com
Web site copyright ©DCWatch (ISSN 1546-4296)