Speaking of flawed tax assessment policies: Warehouse Next Door to Close

The Brightest Young Things blog (and others) report that the Warehouse is closing. I wrote about this in the entry "Avoiding the real problem with DC's property tax assessment methodologies."

9/13/05: Warehouse Cafe, Bar, Theater on Seventh Street, NW. A 500 percent hike in the property tax assessment for the Warehouse arts venue may force it to move. (By Mark Finkenstaedt For The Washington Post)

As I mentioned the other day, small building footprints for commercial property, in this case office buildings, and the constant demand for space by businesses willing to pay high prices in return for convenient access to the federal government -- law firms, lobbyists, certain trade associations, etc. -- mean that most other uses will be crowded out.