The Third Street Development Corporation has not made a final decision on whether we can meet all three of the conditions that were attached to the city's motion to construct a parking structure. These three conditions were unexpected and present significant difficulties in our efforts to recruit tenants for the Hub.
As we attempt to secure a major tenant, we will do whatever is appropriate for our tenant and for the overall health and vitality of the downtown. A parking structure is needed for downtown and the Heart of Danville secured $2.75 million to help pay for it. We will do whatever we can to further this project, within reason.
We regret that The Advocate-Messenger staff assumed that our inability to meet each and every condition is a signal that the parking structure project will not advance.