by Sam Hieb
Winston-Salem Journal reports Forsyth County commissioners delayed a vote on a $450,000 per year incentive for a parking deck that would service a proposed $53 million mixed-use development next to BB&T Ballpark.
But before commissioners vote on that incentive, they want a signed document releasing the county from an earlier incentive agreement for the ballpark area:
The county wants to be released from a 2007 incentive agreement with Brookstown Development Partners and Sports Menagerie, which was also for the ballpark area. The agreement was never executed, county staff said. The resolution gave developers until Dec. 31, 2017, to invest at least $50 million. County staffers are working with developers to get a signed release.
County Manager Dudley Watts said the release would clarify that the parking deck project is not on top of other incentives for the ballpark area.
For its part, the Winston-Salem City Council has agreed to buy a roughly 510-space parking deck that Brand would build for the development. The deck would be financed over 20 years.