CHARLOTTESVILLE, Va. (WVIR) - A resolution over Charlottesville’s Water Street Parking Garage could be approaching as discussions continue to heat up. 

The Charlottesville Parking Center says it is in the final negotiations with the city over the ownership and pay rates for the garage.

This dispute has been ongoing for three years now, costing the city more than $100,000 in legal fees.

Negotiation details will not be released, but the center says a settlement would help push forward the lack of parking downtown.

"It's the largest parking asset in downtown Charlottesville,” said Dave Norris of the Charlottesville Parking Center. “Parking is an issue downtown, particularly with the supply of parking. We just don't have enough supplies, particularly when you look ahead to the new developments that are coming down the pipe."

The center says once the Water Street Garage issue is solved, more effort can be pushed towards the anticipated parking garage where the Lucky Seven convenience store sits on East Market Street.