City Market Building may need funding help from taxpayers - WSLS 10 NBC in Roanoke/Lynchburg Va

City Market Building may need funding help from taxpayers in upcoming years

Posted: Updated:

The City Market building in downtown Roanoke continues to make improvements since re-opening for business back in 2011.

Leaders of the Market Building talked about the advances they've made to Roanoke City Council members, but they also discussed they may be needing some help.

The Market Building has a current reserve of $550,000. The building operators expect that to last another three years. 

However, once the money is gone, they plan to ask the city for help, meaning taxpayers may be splitting the bill.

The Market building leaders did also highlight the progress they made since re-opening. They say they are at 92% occupancy, with only one more retail space to fill.

About a month ago, the building extended it's hours, giving business owners more flexibility to better serve their customers.

Charter Hall has re-vamped rental rates and is booked until 2015.

 

  • Former Va. governor's corruption trial begins

    Former Va. governor's corruption trial begins

    Jury selection is on the agenda for opening day in the corruption trial of a former Virginia governor and his wife in Richmond.
    Jury selection is on the agenda for opening day in the corruption trial of a former Virginia governor and his wife in Richmond.
  • US, EU preparing new sanctions against Russia

    US, EU preparing new sanctions against Russia

    Tuesday, July 29 2014 6:52 AM EDT2014-07-29 10:52:25 GMT
    European Union ambassadors are meeting to discuss a dramatic toughening of the trade bloc's sanctions against Russia.
    The United States and the European Union are preparing a powerful one-two punch against the Russian economy, with EU ambassadors meeting Tuesday to discuss a dramatic escalation in the trade bloc's sanctions.
  • Israel hits symbols of Hamas power in Gaza war

    Israel hits symbols of Hamas power in Gaza war

    Tuesday, July 29 2014 6:46 AM EDT2014-07-29 10:46:12 GMT
    Israeli aircraft, tanks and navy gunboats pounded symbols of Hamas control in Gaza City in the heaviest night of bombardment in three weeks of Israel-Hamas fighting.
    Israel escalated its military campaign against Hamas on Tuesday, striking symbols of the group's control in Gaza and firing tank shells that shut down the strip's only power plant in the heaviest bombardment in the...
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.