President Obama today signed Congresswoman Eleanor Holmes Norton's (D-DC) Southwest Waterfront redevelopment bill (H.R. 2297), clearing the way for 2.5 million square feet of hotel, office, retail, and residential construction, as well as new and improved waterfront parks and docks, at the Southwest Waterfront. Norton expects the first permit to be issued this fall, and the project to break ground in January. The project will create thousands of jobs for D.C. residents and bring millions of dollars in new tax revenue every year. "It's a very good day when the President signs a bill we labored long and hard to get through the House and Senate," Norton said. "Our Southwest Waterfront redevelopment bill is now law, allowing developers to move forward and start the process of realizing a 21st-century Southwest Waterfront. The project has adopted the name "The Wharf," as the Southwest Waterfront was called when my great-grandfather came to Washington in the 1850s. For sure, though, this won't be my great-grandfather's Wharf." The new law will lead to development matching the new Southeast Waterfront, which was redeveloped after Norton passed a similar bill for that area. D.C. residents will have access to thousands of jobs and small business opportunities during construction.