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The Chamber's Support for the 125 and 135 E Rosemary Street Parking Garage Rezoning

The Chamber's Support for the 125 and 135 E Rosemary Street Parking Garage Rezoning

*The Chamber submitted the following letter to the Chapel Hill Town Council on September 9, 2020 regarding the Grubb Properties project on Franklin and Rosemary Streets.

Dear Chapel Hill Mayor and Town Council,

On behalf of the Chamber, our Government Affairs Committee, and our 700+ members that employ more than 95,000 workers throughout the region, we want to express our enthusiastic support of the vision for 137 E. Franklin and 136 E. Rosemary.
We encourage you to move forward this evening with a public hearing and approve the 125 and 135 East Rosemary Street Parking Garage rezoning – an important part of the overall vision for downtown. 
There are so many elements to this deal that make it an incredible opportunity for Chapel Hill, namely:
  • First and foremost, we need more commercial space and employees in downtown, and this vision will help bring that to reality.
  • This concept consolidates surface lots and delivers highest and best use of space, and is consistent with the comprehensive plan.
  • The funds for the parking arrangement are from the town’s enterprise fund, which is part of the infrastructure to spur economic growth. These funds are designed to deliver on exactly what it being presented and the market-based approach to these funds make it self-sustaining as the demand remains strong for the parking spaces despite the recession.
  • The timing is ideal, as it makes sense to press forward with the project so that it is ready and activated as we come out of this recession. This is what we are seeing occur all across the country.
  • Grubb Properties have shown again and again their commitment to our community and values, and they have proven to be a trusted and valued development partner. They deserve a fair and reasonable process without delay and with our utmost appreciation.
Thank you for your consideration.
Katie Loovis
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