During his first term he restored the city to the financial black, running budget surpluses every year and allowing the control board to terminate itself two years ahead of schedule. He brought some $40 billion dollars of investment to the city. Unprecedented capital investments and service improvements also came to some disadvantaged neighborhoods under Williams' administration.By 2001, real property values were climbing steadily and Washington D.C. was experiencing a real estate investment boom in the residential, commercial and retail markets. Congress dissolved the Financial Control Board in September 2001. In 2002 the Association of Foreign Investors in Real Estate (AFIRE) named Washington, D.C. the top global and U.S. city for real estate investment. (It made the top slot again in 2003 and 2004.)Williams also alienated some lower-income residents. His first term in office was marked by the beginning of a period of gentrification throughout the city. Longtime residents complained of being priced out of their homes and neighborhoods and forced to move to neighboring Prince George's County, Maryland. In addition, one of Williams' budget-trimming measures was the closure of inpatient services at D.C. General Hospital, the only public hospital in the District. The City Council voted down Williams' proposed closure in the spring of 2001, but their decision was overturned by the Control Board soon afterwards.
Like what you see? Make sure you're getting it all