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Charlottesville Set to Buy Market St. Lots, Parking Garage Possible?

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Lucky 7 convenience store on E. Market Street in Charlottesville Lucky 7 convenience store on E. Market Street in Charlottesville
7th Street parking lot, next to SNL in downtown Charlottesville 7th Street parking lot, next to SNL in downtown Charlottesville
CHARLOTTESVILLE, Va. (WVIR) -

Charlottesville is set to ink a multi-million dollar deal that could clear up parking issues downtown.

NBC29 has learned that the city is set to buy properties on East Market Street.

Sources say Charlottesville plans to purchase lots currently occupied by the Lucky 7 convenience store and Guadalajara Mexican Restaurant.

Multiples sources confirm that the city has come to an agreement on a total purchase price of $2.8 million for the land being used by the convenience store and restaurant. According to city documents, the combined assessed 2016 property value of those two lots is $1.4 million dollars. The deal is not complete at this point.

Sources could not confirm if the land would be used to build a new parking garage.

The city has been in negotiations for months with the Charlottesville Parking Center (CPC) over the Water Street Parking Garage. CPC and Charlottesville share control over that garage, but the center as been attempting to raise parking rates. CPC President Mark Brown filed a lawsuit against the city back in March, which Charlottesville responded to by filing a countersuit.

CPC has offered the city several proposals to help end their deadlock, one of which included the center building a new parking garage at the corner of Market Street and 7th Street. As part of that proposal, CPC would sell off its stake in the Water Street garage, but not immediately the land that the garage is on. The city would also be required to speed up the approval process so that the CPC could open the new garage within one year of the Water Street sale.

The Charlottesville City Council met behind closed doors last week to discuss CPC's proposals, as well to get updates on legal proceedings.

The city could also use the parking lot at the corner of 7th Street and Market Street, which it co-owns with Albemarle County.

The county is considering moving Albemarle General District Court out of Court Square in Charlottesville, citing parking concerns as an issue. Building a new parking garage could held the city convince the county to continue with a proposal to co-locate their general district courts into a single downtown building.

It is currently unclear what would happen to Lucky 7 and Guadalajara, whether they would reopen elsewhere or possibly be incorporated into a new garage. Both properties are owned by PJB Market, LLC., which has yet to respond to NBC29 for comment.

Charlottesville has no official comment on this possible deal. NBC29 reached out to Albemarle County and the Charlottesville Regional Chamber of Commerce for a comment. The county would only confirm that the Board of Supervisors will meet behind closed doors next week to discuss the issue. The chamber says its policy is to not comment on pending deals.

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