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Carrboro buys downtown parking lot for $600K

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Alderwoman Jacquie Gist says she never thought she's get so excited about parking.

But Gist is very excited now that the Town of Carrboro has bought the former Andrew-Riggsbee Hardware Store property at 203 S. Greensboro St. for $600,000. The town will continue using the 0.88-acre site for free parking. It has about 90, two-hour spaces.

The town has been leasing the gravel lot, which fell into foreclosure within the past six months, Mayor Mark Chilton saiys The town’s sealed bid was the highest of a handful of bidders, he says.

'The minute we started renting that parking lot, it filled," Gist told us Monday as the town prepared to close on the deal. "And the (nearby) businesses were really happy we were renting it."

The town's purchase wasn't unanimous. We'll have more on this story and hear from the dissenter in tomorrow's Chapel Hill News.

Read more in our full story, now online at http://www.chapelhillnews.com/2013/03/19/75538/carrboro-buys-former-hardware.html

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About the blogger

Mark Schultz is the editor of The Chapel Hill News and The Durham News.
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