Kal Penn Spotted at A-Town — Eddie Lacy wasn’t the only famous person spotted at an Arlington bar over the past week. Actor and former Obama administration official Kal Penn was photographed hanging out at A-Town Bar and Grill in Ballston this past weekend.
Monday Properties Refinances Rosslyn Portfolio — “Monday Properties has completed an $888 million refinancing of its Rosslyn portfolio… resolving one of the largest chunks of expiring commercial real estate debts taken out before the recession.” Meanwhile, Monday says that Nestle moving its corporate headquarters to 1812 N. Moore Street “has prompted other prospects to consider Rosslyn that wouldn’t have in the past.” [Washington Business Journal]
Arlington’s Bond Rating Affirmed — “For the 17th year in a row, all three credit ratings agencies have reaffirmed Arlington County’s debt ratings of Aaa/AAA/AAA — the highest rating. Arlington is one of just 45 Counties in the United States, and 9 in Virginia, to receive the highest rating from all three credit agencies for its bonds.” [Arlington County]
Nearby: Video of Fire in Falls Church — Arlington County firefighters assisted on a shed and house fire in the Falls Church section of Fairfax County last week. The blaze was caught on video by a neighbor. [Statter 911]
Flickr pool photo by John Sonderman
New Traffic Pattern on Route 1 — There’s a new traffic pattern for the lefthand turn from southbound Route 1 (Jefferson Davis Highway) to 23rd Street S. in Crystal City. The change was necessitated by operations of the new Crystal City Potomac Yard Transitway. [Facebook]
Aurora Hills Library Eyed As School Site — The current Aurora Hills library and senior center is being looked at by Arlington Public Schools as a possible site for a new elementary school. Meanwhile, even though nearby Oakridge Elementary is over capacity, Superintendent Patrick Murphy says there’s actually a more pressing need for additional elementary capacity in north Arlington due to population growth around the Rosslyn-Ballston and Lee Highway corridors. [InsideNova]
Australian Company Says G’Day to Ballston — The Australian investment firm QIC has taken a 49 percent stake in Ballston Quarter, the soon-to-be-renovated shopping center currently known as Ballston Common Mall. The majority of the mall is still owned by Cleveland-based Forest City. [Washington Business Journal, Crain’s Cleveland Business]
Local Named New Jersey Cherry Blossom Princess — The 2016 New Jersey Cherry Blossom Princess is a 24-year-old Hoboken native who now lives in the D.C. area and works at Rosslyn-based CEB. [Hudson Reporter]
CEB Acquires Portland Firm — Rosslyn-based CEB is getting bigger. The company is acquiring Portland, Oregon-based Evanta Ventures for $275 million. CEB will be moving into a new namesake CEB Tower in Rosslyn after construction wraps up in 2018. [StreetInsider]
Arlington’s Top Bond Rating Affirmed — Arlington County has once again earned the highest bond rating from the three major rating agencies. “The County works hard to maintain these AAA ratings to finance critical County infrastructure projects with bonds that carry the lowest interest rates available,” said County Manager Mark Schwartz. [Arlington County]
Photo via @WLHSIBProgram
Power Outage at Courthouse Metro Station — A power outage has been reported at the Courthouse Metro station. The outage turned off most of the lights and trapped some customers in the station’s elevator, according to Twitter accounts. The station is said to now be operating on emergency power. [Twitter, Twitter]
Interview with John Vihstadt — Washingtonian has published a Q&A with Arlington County Board member John Vihstadt. During the interview, Vihstadt said of county government: “by and large, it’s well managed.” Before he was elected, however, Vihstadt said the county was in danger of losing its way. “There was a growing consensus that we were too self-congratulatory. There was too much ‘Aren’t we doing great?’ And if there was room for improvement, it was nothing another taxpayer dollar couldn’t solve.” [Washingtonian]
Another AAA Rating for Arlington — Bond rating agency Fitch Ratings has again assigned Arlington County its top AAA rating. The high rating allows the county to borrow money more cheaply than less creditworthy jurisdictions. [BusinessWire]
Rising Sea Levels and Arlington — A new interactive map shows what rising sea levels would mean for D.C. and Arlington. The good news is that the two meters of sea level rise predicted to occur by 2100 would result in little impact for most of Arlington; the most vulnerable areas are portions of Reagan National Airport, East Potomac Park in D.C. and other areas along the banks of the Potomac. [Washingtonian]
Arlington Little League Opening Day — It looks to be a cool and cloudy start to the local little league season this weekend. Arlington Little League’s 30th anniversary season kicks off at 1:30 p.m. Sunday at Barcroft Park. [Twitter]
One Year Anniversary for Shirlington Restaurant — Osteria da Nino in Shirlington (2900 S. Quincy Street) is celebrating its one year anniversary on Sunday. The restaurant will offer a complimentary glass of Prosecco and appetizers for guests from 4-6 p.m. [ARLnow]
Flickr pool photo by Airamangel
Honoring War Dead at ANC — At the annual Memorial Day service in Arlington National Cemetery on Monday, President Obama said the country should “never stop trying to fully repay” Americans who have died in battle. It was the first Memorial Day in 14 years without a major American ground war — the U.S. combat mission in Afghanistan ended in December. Over the weekend, Boy Scouts and other volunteers placed some 88,000 roses on the graves at the cemetery. [Associated Press, Stars and Stripes]
Post Endorses Cristol, Fallon — The Washington Post’s Editorial Board has endorsed Katie Cristol and Peter Fallon in the upcoming Democratic Arlington County Board primary. The Post lauded Cristol’s “drive and intelligence” and Fallon’s “command of policy.” The political action committee that represents Arlington public school teachers, meanwhile, has endorsed Fallon and Christian Dorsey. [Washington Post, InsideNova]
County’s Bond Rating Reaffirmed — The three major credit rating agencies have reaffirmed Arlington’s triple-A bond rating, the highest rating possible. There are only 39 counties, including Arlington, that have a perfect triple-triple-A rating. “Retaining the County’s AAA ratings is critical to ensuring the absolute lowest interest rates on our General Obligation bonds,” County Manager Barbara Donnellan said in a press release. [Arlington County]
Flickr pool photo by Kevin Wolf
Arlington is one of only 39 U.S. counties to receive the highest possible rating. The rating will enable Arlington County to borrow money at a lower rate than other, less creditworthy jurisdictions.
From an Arlington County press release:
“As the County continues to fund critical general government and school capital needs, this reaffirmation of our triple – AAA rating, is an important validation, which allows us to enjoy lower interest rates for our General Obligation bonds and use every dollar as efficiently as possible,” said County Manager Barbara Donnellan.
Moody’s noted that the County’s “continued careful financial management and commitment to maintaining sound financial flexibility are expected to maintain Arlington’s strong fiscal operations.”
Fitch noted that the County’s “debt levels are moderate and expected to remain so given prudent planning and adherence to conservative debt policies.” They also noted that “conservative budgeting, timely tax increases, and closely monitored expenditure controls consistently produce surplus operating results leading to solid reserve levels and liquidity.”
Standard and Poor’s noted the County’s “Very strong debt and contingent liability, driven by low carrying charges, low net debt, and rapid amortization.”
Having a Aaa/AAA/AAA rating ensures that the County will enjoy lower interest rates for its upcoming sale of the Series 2014 General Obligation Public Improvement and Refunding Bonds the week of May 26.
County’s Debt Upgraded to ‘Stable’ — Moody’s Investors Service has upgraded the outlook on Arlington County’s debt from “negative” to “stable.” The county’s otherwise triple-A bond rating was downgraded in 2011 due to Arlington’s “lose economic, financial and capital markets linkages to the federal government.” The upgrade reflects the federal government’s improved debt outlook. [Arlington County]
Vandalism at Powhatan Springs Park — The skate park at Powhatan Springs Park was closed Friday and Saturday due to graffiti. The graffiti was “nothing serious,” said Department of Parks and Recreation spokeswoman Susan Kalish, but the park was closed while county crews removed it.
Dangerous Heat Prompts AWLA Rescues — The Animal Welfare League of Arlington has shared photos of four dogs it rescued in the recent heatwave. Among them are dogs left in hot cars, tied up in a parking lot and in cages in a backyard without adequate water. [Washington Post]
Flickr pool photo by Ddimick
Bomb Squad to Receive Protective Vest Donation — The Arlington County Fire Department’s bomb squad will receive a donation of two tactical protective vests next Tuesday. The vests will protect bomb squad personnel in explosive-related situations. Worth nearly $20,000, the vests are being donated by Firehouse Subs.
Lander Defends His Record — School Board member James Lander, who’s running for re-election and facing a challenge for the Democratic endorsement, is defending his record when it comes to school redistricting, student transportation and his support of Superintendent Dr. Pat Murphy. Lander says he “will continue to press for ways to improve student achievement and address the needs of a growing school population without breaking the bank.” [Sun Gazette]
Arlington Garners Third AAA Rating — Ratings agency Fitch has reaffirmed its AAA rating for Arlington’s debt. All three bond rating agencies have now given Arlington their top ratings for the year. [Arlington County]
‘Two Wheel Tuesday’ Event Tonight — The county’s BikeArlington program is holding its fourth “Two Wheel Tuesday” educational event of the year. Tonight’s event is “Savvy Cycling Tips,” which lets interested riders “learn the best tips on safe biking so you can ride in traffic comfortably.” The event will be held from 7:00 to 8:30 p.m. at Westover Library (1644 North McKinley Road). [BikeArlington]
Photo by Wolfkann
Arlington House Rededicated — Arlington House, the family home of Robert E. Lee and an iconic symbol of Arlington County, has been rededicated by the National Park Service following a six year restoration effort. The ceremony was held on Saturday, on the 152nd anniversary of Lee’s decision to lead the rebellion in the Civil War. [Sun Gazette]
County’s Bond Ratings Reaffirmed — Arlington County has had its top Aaa/AAA debt ratings reaffirmed by rating agencies Moody’s and Standard & Poor’s. The ratings will allow Arlington to borrow money at a lower interest rate. “The Aaa rating reflects the county’s strong long-term credit characteristics including a sizeable and affluent tax base, stable and carefully-managed financial operations with sound reserves, and moderate debt position with manageable future borrowing needs,” Moody’s wrote of Arlington. [Arlington County]
Garvey: Streetcars Fail Cost/Benefit Analysis — In an op-ed in the Washington Post, County Board member Libby Garvey says streetcars on Columbia Pike “are not a good investment for anyone.” Streetcars would not solve transportation challenges on the Pike, and would instead “siphon resources away from other important needs,” Garvey wrote. [Washington Post]
Arlington to Help Train Vets in IT — Arlington County has accepted a $150,000 state grant that will help train military veterans for high-demand Information Technology (IT) jobs. The grant will go to a joint Arlington/Alexandria job training program, which is expected to serve more than 50 veterans over an 18-month period. [Arlington County]
Support for the Pike Streetcar — A Greater Greater Washington writer opines that “Columbia Pike’s proposed streetcar line will help revitalize one of Arlington county’s busiest corridor.” Ryan Arnold writes: “[The streetcar is] the latest chapter in the decades-long story of Arlington’s coordination of land-use and transit planning to develop successful communities.” [Greater Greater Washington]
Arlington Unemployment Rate Dips — Arlington County’s unemployment rate is now 3.1 percent, down from 3.5 percent a month prior. Arlington’s rate is the lowest in Virginia and compares to the state’s overall unemployment rate of 5.4 percent. [Sun Gazette]
Bond Rating Reaffirmed — Fitch Ratings has reaffirmed Arlington’s AAA bond rating, the highest rating possible. “Arlington recognizes the importance of the AAA rating, and our financial policies help ensure that it will be maintained,” County Manager Barbara Donnellan said in a statement. “Having the highest possible rating allows us to continue making critical capital investments at the lowest possible cost to residents and businesses.” [Arlington County]
Flickr pool photo by Damiec