Home » Public Hearings Set on Parking Garage Bond Ordinances – Wheeling Intelligencer

Public Hearings Set on Parking Garage Bond Ordinances – Wheeling Intelligencer

by Arifa Rana

I’m interested in (please check all that apply)
You may opt-out anytime by clicking “unsubscribe” from the newsletter or from your account.
Nov 1, 2021
WHEELING — Public hearings are scheduled for Tuesday on bond ordinances for the city of Wheeling’s proposed Market Street Parking Garage and the Center Wheeling Parking Garage projects.
The public hearings are expected to take place at the beginning of the next Wheeling City Council meeting, scheduled to start at noon Tuesday in council chambers at the City-County Building.
Following the public hearings, both bond ordinances for the parking garage projects are slated to receive final readings and votes by city council.
The bond ordinance for the Market Street Parking Garage project is in an amount not to exceed $19.5 million, although city leaders have noted that this language for the financing of the project shows a maximum number that is higher than the expected cost of the work.
The actual cost of the project is yet to be determined, as the work is being put out to bid, but rough estimates have been in the neighborhood of $16 million to $17 million.
This project will create a new six-story parking structure at the corner of Market and 11th streets in downtown Wheeling. The primary purpose of the new lot will be to serve future tenants of the nearby Historic Wheeling-Pitt Lofts, a private $30 million investment presently being constructed by Access Infrastructure.
The bond ordinance for the Center Wheeling Parking Garage project is in an amount not to exceed $3 million. City leaders noted that the tax increment financing or TIF district around the former Ohio Valley Medical Center property had previously generated money for future improvements at the Center Wheeling Parking Garage. However, the hospital has since closed, and since the property has been acquired by the city, the TIF district is no longer able to capture tax revenue as it did in the past.
Also on the agenda for Tuesday’s Wheeling City Council meeting, a resolution on the proposed vaccine incentive program for city employees is expected to hit the floor for a vote. The legislation that recently came through the Finance Committee of Council proposes a one-time $500 bonus to all full-time city employees who have received their COVID-19 vaccination. Funds from the city’s first $14.5 million American Rescue Plan allocation are expected to be used to pay for this incentive program.
Other resolutions slated for action at Tuesday’s council meeting include legislation related to the first two applicants for the city’s new Outdoor Dining Grant Program. MFD III Inc. of 338 National Road (Generations Restaurant and Pub) and TBR Inc. of 808 National Road (TJ’s Sports Garden Restaurant) both had applications reviewed and approved by the city’s Economic and Community Development Department, and resolutions granting $20,000 each will be considered by council. These are matching funds from the city to encourage private businesses to invest in creating or expanding and improving outdoor dining options, which have become increasingly popular through the COVID-19 pandemic.
Today’s breaking news and more in your inbox
Ohio County remained under 100 new COVID-19 cases this past week, though the county did report four new …
Today’s breaking news and more in your inbox

Copyright © The Intelligencer | https://www.theintelligencer.net | 1500 Main Street, Wheeling, WV 26003 | 304-233-0100 | Ogden Newspapers | The Nutting Company


0 comment

Related Posts

Leave a Comment