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As a result of these discussions, we have created several categories of property types based on the degree of likelihood that each owner or manager would relocate out of the floodplain due to flooding as part of a TDR or other arrangement. All of the properties fit into one of the four following categories: the building owner would like to stay in the existing location; the building owner wants to stay in the same location and rebuild or redevelop the property; the building is currently vacant and for sale or rent; and the building owner would consider relocating his business to another location (see Table 2).

500 Pennsylvania Ave. 515 Pennsylvania Ave. 535 Pennsylvania Ave. 512 Pennsylvania Ave. 514 Pennsylvania Ave. 520 Pennsylvania Ave.

Cleo-Mar (West German BMW) HUB Properties Trust HUB Properties Trust Thomas McCarron RCA Group Robert Seltzer MG Washington LLC (Hilton Garden Inn) Agnew CN, Jr. Trust HUB Properties Trust HUB Properties Trust 135 Commerce Inc. Granite Galleria 475 PA Ave. LLC

530 Pennsylvania Ave. 430/440 Virginia Dr. 475 Virginia Dr. 1035 Virginia Dr. 135 Commerce Dr. 425 Delaware Dr. 475 Pennsylvania Ave.

471 Pennsylvania Ave. 522 Pennsylvania Ave. 524 Pennsylvania Ave. 565 Virginia Dr.

Elliott/Andrew Goldstein James Greipp Lukoil North America William Weinberg Trust

X

X

X*

X

X

Table 2. Status of the Most Flood-Prone Properties in the FWOP Post-Dam Construction. Owner Intends to Stay in Same Location X Building is Vacant Parcel is Vacant Owner Bucks Co. Water/Sewer Property 455 Delaware Dr.

X X X

X

X

X*

X

Owner Would Consider Relocating

X

X

X

X

X

As the table shows, nine of the building owners desire to stay in their existing location despite being flooded regularly. Two buildings are currently vacant and two parcels are currently vacant. And five property owners would consider relocating for a variety of reasons under a variety of circumstances. Below we examine these properties in greater detail, highlighting those most likely to relocate out of the floodplain.

Owner Intends to Stay in Same Location

Several property owners report that, despite the flooding that occurs in the FWOP, they have no interest in moving and intend to stay in the same location. Some even report that they rarely have flooding issues, or they have not witnessed floodwaters in their buildings in several years, even though many newsworthy flooding events have brought recent attention to the FWOP.

Technical Memorandum #1UDT: Characteristics of Flood-Prone Parcels

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