Negotiations cease in future Auburn parking deck project

Local News
auburn update_119954

AUBURN, Ala. – The City of Auburn has stopped negotiations with Auburn Ventures, LLC to enter into an agreement to build a new parking deck, hotel, and urban grocery at the site of current parking deck on Gay Street.

Both parties worked diligently and in good faith to reach an agreement but unfortunately were unable to finalize a deal in accordance with the conditions that were agreed to in the term sheet approved by the Auburn City Council on January 5, 2016.

While there are no further plans in motion at this time regarding the current municipal parking deck and Gay Street Parking lot, the City of Auburn will continue to seek cost-effective and innovative solutions to provide additional downtown parking and foster a vibrant downtown core.

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