Evening star., 1955-01-12


with residences. business estab-
lishments and cultural develop
ments. This pact may well be
renewed Mr.. Searles indicated.
Studies Under Way.
Webb & Knapp are engaged
on making detailed economic
and engineering studies before
submitting a final definite pro.
posal for rebuilding the area
adjacent to the Southwest wa.
terfront. The firm recently has
submitted three alternate high
way plans, featuring a new
South Mall along Tenth street
S.W. as the grand entrance tt
a revamped Southwest. The
Zeckendorf interests consider
this an essential part Of theil
program.
Meanwhile. another key figure
in Southwest redevelopment
Ralph E. Bush. president Of the
Bush Construction Co. Of Nor.
folk, Va, plans to hold a serie,
Of conferences on finances, plan.
ming and other matters in the
next few weeks He is to con.
sstruct some 900 dwelling unit.
to replace the current slums IL
the 76 acres bounded by Fourth
South Capitol and / streets ant
the Pennsylvania Railroat
tracks.
BY January Is. Mr.. Bush anc
his associates are expected te
go into final planning. Miltor
j. Prassas. Washington archi.
ttect, has drawn plans for thu
Bush program.
While rehousing the. present
occupants of Area B In othel
new homes has been going alonf
well. Mr.. Bush, when he received
his winning award from the
agency, said he would be willing
to put UP relocation housing, II
necessary. Mr.. Searles said the
agency has never asked Mr.
Bush to do this. however.
Houses Being Raced.
In the interim, the Ace Wreck.
ing Co. and the Arrow Wreckine
Co. are tearing down blocks Of
vacated homes to make way fol
the redevelopment program. Act
Is operating in the block bound.
ed by Delaware avenue, Second
g and H streets S.W. It expect.
to have this job done In another
month.
Arrow is operating in ths
blocks bounded by H and !, Sec.
ond and Third streets: Della.
ware avenue, Second, H and
streets, and also Second anc
Third, @ and H streets. al
Southwest.
The Redevelopment Lane
Agency expects to let a contrac1
through competitive bidding II
January for tearing down foul
blocks. These are bounded By
Delaware to Third, F and G
streets and Randall School Il
First. G and H streets S.W.
The General Wrecking Co.
the agency's first such contrac.
tor, is finishing up clearing away
houses between H and I, Thire
and Fourth streets S.W. ONLY
two or three Of these houses ar,
left.
The General Wrecking Co.
the agency's first such contrac.
tor, is finishing up clearing away
houses between H and I, Thirt
and Fourth streets S.W.
Timetable for 1855.
Here's the 1855 timetable a,
Mr.. Searles sees 1t, based OF
present information:
On January 4. the agency ex
poets to pay to the Housing ant
Home Finance Agency $4.3 mil
lion to wipe out its Federal deb
and go into private financing
This will cut the interest rat,
from 2.76 per cent to SO Of l pc
cent. For the agency win sci
$7.226. 100000 preliminary note
of the First Series in 1856 tempo
rary loan notes, which win fal
due on July 8. 1855. This none.
will be used to pay OF curren
obligations, buy up the rest o
the land immediately needed h
Southwest for redevelopment an,
pay administrative expenses.
Some Titles Stin Sought.
There are two more declara
tions Of taking land, where tn,
agency and owners have beer
unable TO agree on a mutual.
satisfactory price or there is ,
cloud ON titles in the are,
planned for immediate work.
The aid Of the courts is beinl
invoked so the agency can ge
the legal title to this require.
property. BY March /, MI
Searles expects the last Of thes'
will be In the agency's hands.
This means that. BY March ]
| al the needed land In Project ]