The developer, purportedly a nonprofit registered company, is turning to Volusia County government and the developer of the nearby $200 million Ocean Walk condominium resort for help. The developer wants the county to advance $2.8 million in parking space fees. That's the total amount the county is obligated to pay the developer for a total 22 years through 2024.
The nearby Adventure Landing water park pays the county for spaces used by its patrons. The general public also uses the garage.
Ocean Walk encouraged the parking garage construction in March 2000 to coincide with a county ban on vehicles driving along a one-mile stretch of oceanfront beach. But few motorists are using the garage.
Nashville, TN-based Central Parking Corp., operating the garage at its own expense, is expected to quit at the end of the month, county staffers tell GlobeSt.com on condition of anonymity.
County officials couldn't be reached at GlobeSt.com's publication deadline. But county staffers tell GlobeSt.com the county's decision on the $2.8-million advance should come within a week.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.