(b) The authority to sell the naming rights for the Waterfront Park, including the right to sell the naming rights for portions of the Waterfront Park, is assigned to Forest City SEFC, LLC; provided, that:
(1) The name of the park shall be subject to the approval of the Mayor;
(2) Forest City SEFC, LLC, shall transfer all income generated from the naming of the Waterfront Park to the District; and
(3) The District is authorized to transfer the income transferred to the District pursuant to paragraph (2) of this subsection to the Capitol Riverfront Business Improvement District, performing services under the Maintenance Agreement.
Effect of Amendments
The 2013 amendment by D.C. Law 20-61 rewrote (b)(3).
For temporary (90 day) additions, see §§ 2 to 6 of the Walter Reed Army Medical Center Base Realignment and Closure Homeless Assistance Submission Emergency Approval Act of 2012 (D.C. Act 19-393, July 18, 2012, 59 DCR 8690).
For temporary (90 days) amendment of this section, see § 8042(d) of the Fiscal Year 2014 Budget Support Emergency Act of 2013 (D.C. Act 20-130, July 30, 2013, 60 DCR 11384, 20 DCSTAT 1827).
For temporary (90 days) amendment of this section, see § 8042(d) of the Fiscal Year 2014 Budget Support Congressional Review Emergency Act of 2013 (D.C. Act 20-204, October 17, 2013, 60 DCR 15341, 20 DCSTAT 2311).
Section 8041 of D.C. Law 20-61 provided that Subtitle E of Title VIII of the act may be cited as the “Waterfront Park at the Yards Amendment Act of 2013”.