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City pays $250,000 for more property for parking garage

August 12, 2003|LIZ MAPLES

Danville City Commission voted Monday to accept a $250,000 offer for more property on which to build a parking garage behind the Hub-Gilcher building.

The purchase will take the remainder of a Renaissance Kentucky grant that the city was in danger of losing because the $350,000 had to be spent by Aug. 31.

The rest of the money was used on design fees for the garage.

Heritage Bank will sell the city its drive-thru and property. The drive-thru is a modular building, so it can be moved to another location. Commissioners have not said what they plan to do with the building.

The property was appraised at $300,000.

Commissioner Jamey Gay said that the decision to purchase the property marked a "great day" in the city because the parking garage was a huge step toward the revitalization of downtown.

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Heart of Danville Executive Director Julie Wagner said that without the land there wouldn't have been room for any cars on the first floor of the garage.

Once the $350,000 is spent, the city will be able to begin spending a $650,000 grant it was also awarded.

The purchase will be made on two conditions, Heritage Bank will have use of the parking lot until the end of the year and an easement across the lot will have to be released.



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