The Arlington County Board is considering offering up to $500,000 to retain the Public Broadcasting Service, nearly a year after PBS already committed to doing just that.
The Arlington County Board is expected to consider the Economic Development Incentive grant at its meeting Saturday, along with a $450,000 grant to the Incentive Technology Group, which is also staying in Crystal City under a new lease. PBS would be eligible for the funds provided it meets certain conditions, prime among them, that it retains an employment base of at least 500 and leases at least 120,328 square feet at 1225 S. Clark St. in Crystal City through August 2022.
That’s precisely what JBG Smith Properties (NYSE: JBGS) said PBS had agreed to do under a 15-year lease it announced in January. The landlord made no mention of incentives in its announcement about PBS, which plans to relocate in mid-2020 from its current home at 2100 Crystal Drive.
PBS declined to comment.
It might seem counterintuitive that approval…Read the full story from the Washington Business Journal.