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HTAX won’t purchase Maxway building

Posted: March 26, 2013 5:54 p.m.
Updated: March 27, 2013 5:00 a.m.

Last week’s front page article on the Maxway building at Broad and Rutledge streets has led some people to believe that the city will be spending Hospitality Tax money to purchase and demolish the building. That is not the case.

Plans for creating a vest pocket park or parking area or other uses for that site are still under discussion.

Editor’s Note: Our March 22 story, “City may purchase old Maxway building,” included the following two paragraphs explaining how different funds might be used for this project:

Pearson included the proposal among several for how to use $620,000 worth of hospitality taxes the city expects to have available during Fiscal Year 2014, which begins July 1. Hospitality taxes would be used to transform the property, not to purchase it. Pearson proposed doing that with money remaining in a proprietary fund created with the sale of a watershed property in 2000.

Once the former Maxway is purchased, the city would then turn to an estimated $300,000 worth of hospitality taxes to perform asbestos mitigation, demolish the building and build the park. Pearson estimated the total cost of purchasing the property and transforming it could top off at $600,000.

The C-I has since learned that the asbestos mitigation and demolition of the building would be funded along with the purchase from the watershed property funds. Hospitality taxes would only be used to transform the property into a pocket park, if approved by council. The C-I regrets any confusion in the matter and appreciates the mayor's clarification.

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