August 12, 2014
The Charlottesville Parking Center is changing hands. A local businessman has finalized the deal to take over ownership.
Charlottesville businessman Mark Brown has purchased the property for $13.8 million.
With the purchase of CPC, Brown will take control of the land under the Water Street Parking Garage and the paved lot on Water and 2nd Street sitting adjacent to the City Market.
Brown says he wants to try to come to an agreement with the City Charlottesville for the new City Market space.
"We've had some very preliminary talks. Everybody's obviously very interested in the future of the city market. And so it's something that I think everybody would like to see happen, it's just a question of can we reach a consensus on how best to make that happen."
CPC owns the structure and land of the Water Street Parking Garage. The city owns about seventy percent of the actual parking spots.
Brown says this will not change the current pricing for the spots. Brown is also the owner of Main Street Arena and Yellow Cab Charlottesville.
CFC General Manager Bob Stroh says it’s a good deal for the shareholders, and also a good deal for the current employees, who get to keep their jobs.