Rumor around Greensboro: Yet another downtown development, perhaps the biggest one yet.
My guess is the old Bellemeade Village site, because the city’s still disappointed the Jones Brothers deal didn’t work out and will do (most) anything to make it happen. But nobody’s talking:
City officials and downtown leaders have been tight-lipped about the project because it could wind up in another city; the developer is said to be considering sites between Virginia and Florida……
Because of the project’s scope, sources say, it would likely require some public money to make it work. Those incentives would primarily come in the form of improvements such as a parking deck, sidewalks and streets.
Sources say it is too early to know the amount of an incentive request.
Seems like I’ve heard this before: Local officials keeping quiet for frear that a project will go to another city. And guess which city bewtween Florida and Virginia is wants to focus on commercial growth?
It’s also worth noting that straight down Interstate 40, the bar has been raised regarding economic incentives for downtown development.
