Latest news with #ZackMatheny
Yahoo
4 days ago
- Business
- Yahoo
New developments could replace downtown Greensboro parking decks
GREENSBORO, N.C. (WGHP) — Two large properties in downtown Greensboro could soon be the launch pad for new developments. Greensboro City Councilman Zack Matheny said Tuesday's city council meeting will be one for the history books. City leaders are expected to discuss the future of two parking decks in downtown Greensboro. One of them is the Bellemeade Street Parking Deck. According to a city council agenda, when it comes to the Bellemeade Street deck, which is already being demolished, city leaders will talk about authorizing an agreement with the Caroll Companies to purchase the property for $1.85 million. 'And then they would pave the property so parking spaces would be there. But also within five years, they would invest a minimum $50 million project,' Matheny said It's a project that would be a full redevelopment of the property. Less than half a mile away, sits the Davie Street Parking Deck. Matheny said city leaders are negotiating with BSC Holdings Incorporated. As part of that agreement, the High Point-based property company would assume full responsibility for demolition and future site development, saving the city $1.4 million. 'And then they would agree to do at minimum, a $12 million project. So two major new projects in downtown Greensboro,' Matheny said Right now, a plan for both developments hasn't been announced yet, but Matheny believes it'll include new businesses. 'I think you're going to have a lot more residential. You'll have some hospitality, retail, and it just shows further that downtown Greensboro continues to grow,' Matheny said. FOX8 reached out to the Caroll Companies, and a spokesperson said the company has an interest in how the Bellemeade Street deck property is redeveloped since it has adjoining property. FOX also reached out to BSC Holdings Incorporated, but we have not heard back from them. Tuesday's city council Meeting starts at 5:30 p.m. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
01-05-2025
- Business
- Yahoo
Downtown Greensboro Inc. talks ‘State of Downtown'
GREENSBORO, N.C. (WGHP) — 9.3 million people visited downtown Greensboro in 2024. On Thursday, Downtown Greensboro Inc. President Zack Matheny shared the latest numbers, trends and updates on some big projects. Housing, population and jobs all increased in downtown Greensboro in 2024, but there is a long way to go to draw in visitors year-round and not just for the big events. 1.6 million people attended large events in downtown Greensboro last year, but on any given day, 90% of people downtown are workers. There are some challenges. The biggest ones are that construction costs and interest rates make it difficult for new projects. Mathany also says there is an overall perception that downtown Greensboro is unsafe, so people don't want to come. They hope to change the mindset. One way Downtown Greensboro Inc. hopes to do that is through the Thrive35 vision plan, which is a way for people to take a survey and share what they want to see changed. At the end of the presentation today, Matheny concluded by saying, 'It doesn't stop here,' and he and his team will get back to work immediately. 'Honestly, we are going back into a focus group to get even more information from the community about the Thrive35 plan, it really is what the community wants to support, that is how you get people downtown,' Matheny said. 'Instead of 9.3 million visits, I want 10 million, then I am going to want 12.' Matheny says he has big plans for downtown Greensboro. They also discussed updates on a few projects, such as a new hotel, which they'll break ground on next week, new apartments and the previously announced updates to the depot. On Thursday, demolition began on the Bellemeade Street parking deck. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
03-04-2025
- Entertainment
- Yahoo
Beach Music 2025 bringing the coast to Greensboro
GREENSBORO, N.C. (WGHP) — Downtown Greensboro Incorporated is bringing a bit of the beach to the Gate City. It's hosting a kick-off party for Beach Music 2025 tonight. FOX8 is one of the proud sponsors. Zack Matheny, President of Downtown Greensboro Inc., explains why the music series is so important. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
