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Wilmington considers whether to fold Water Street Parking Deck

READ MORE: Wilmington considers whether to fold Water Street Parking Deck
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WILMINGTON, NC (WWAY) -- At tonight's meeting, Wilmington City Council will discuss the future of a downtown fixture that could soon be history.

Wilmington has spent millions of taxpayer dollars on the Water Street Parking Deck, yet the structure faces an uncertain future.

For more than 50 years the deck has been a fixture in Downtown Wilmington, but for some in city hall it has become an eyesore.

"We haven't decided as a council what we ought to use that piece of property for," City Councilwoman Laura Padgett said.

At the August 6 City Council meeting, Andrews Consulting engineers presented three options for the future of the deck: Demolish it for $625,000; keep the deck running for three to five years for $675,00; or for use it for ten years at an estimated cost of $730,000.

Meanwhile City Manager Sterling Cheatham is asking for $3.3 million for the project to cover the cost of the purchase and whatever council decides to do with the deck. This despite the fact that city leaders agree that the long term future of the deck is bleak.

"I think with the right plan we could convert it to something really different immediately with the right plan," Mayor Bill Saffo said.

Two developers have come forward to try and buy the property from the city, but at a cost lower than what the city paid for it.

"We are not going to sell that piece of property for less than we purchased it for," Saffo said. "Obviously part of that piece of property was purchased for about $2.6 million in 2007. That piece of property was purchased specifically for open space."

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Wilmington considers whether to fold parking deck

I say tear the thing down, create open space for a downtown park and let the money hungry do nothing developers off the hook. I am really tired of taxpayer money being spent on real estate that will never be developed properly. We need that space for a park downtown Mayor Saffo and Council!

Wilmington Silly Council couldn't pass a Rorschach Test

"We haven't decided as a council what we ought to use that piece of property for," City Councilwoman Laura Padgett said." ………. "Meanwhile City Manager Sterling Cheatham is asking for $3.3 million for the project to cover the cost of the purchase ..... This despite the fact that city leaders agree that the long term future of the deck is bleak."

In addition to no due diligence, Wilmington Silly Council now has no clue what to do with it except possibly throw some money at it.

Who, except for a small group of self-serving insiders, could possibly get behind these "geniuses" when it comes to building a baseball stadium?

So crazy, it almost seems fictional.

Somebody forgot to remind City Council about Real Estate $$$

What makes those arrogant pretentious politicians think they are immune to the real estate collapse? Fine just dont sell the property but you have zero hope of selling for what you paid anytime soon.