Black Hills Knowledge Netowork

Although the President's Plaza project was nixed, a similar idea may emerge to take its place.
Although the President's Plaza project was nixed, a similar idea may emerge to take its place.
J Scull
December 29, 2016

Rapid City Ponders President's Plaza Replacement

While the President's Plaza project was abandoned, a new development for the parking lot could come from an outside developer, reports the Rapid City Journal. In a letter to the Rapid City Council, City Attorney Joel Landeen outlined five possibilities for using the lot. Numerous options were presented to the Legal & Finance Committee, including opening the process to out-of-state developers. 

The full city council will discuss this and the other options, which are: leave the lot as is (status quo, frees up pledged Vision Fund money); build a parking ramp (higher cost to the city, would not recoup investment on leased parking); sell the lot (sale would not cover the cost of the refinanced parking bond); or approach businesses and developers directly to ask them to provide possible ideas (could show favoritism, might not find any interest).

President's Plaza was a proposed mixed-use project, combining residential, commercial, and parking. Past news stories on it are linked through the Black Hills Knowledge Network's online news archive.

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