While serving on the Third Street Development Corporation Board of Directors, I observed a repeated pattern of tenant interest lost to the unresolved issue of parking. Prospects have not been willing to commit to a downtown project of the magnitude of the Hub-Gilcher without knowing where and at what cost employees and patrons will park.
Although I no longer serve on this board, I read that after two years of negotiations with prospects who have declined because of the parking issue, we find ourselves once more with a major prospective tenant, this one seeking 19,000 square feet, who will pass on this project by the end of November unless the parking question is answered.
We cannot know exactly how the project will unfold, but our history of attempting to win prospects indicates that we must resolve the parking issue. A commitment by the City of Danville to bond the balance of the parking structure will provide resolution to the economic puzzle and answer the question all prospective tenants have asked.