$70 million downtown Sioux Falls development delayed – KELOLAND TV

$70 million downtown Sioux Falls development delayed - KELOLAND TV

Downtown Sioux Falls mixed-use parking ramp hits road block

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Sioux Falls, S.D. – The highly debated Village on the River project in downtown Sioux Falls, may have hit another hurdle.

The city and the development group are at odds about some changes to the project, which could change the cost to taxpayers.

Friday morning, KSFY News met the mayors Deputy Chief of Staff T.J. Nelson at the site, to get an update on the progress of the project.

He said the parking ramp portion is on track to be completed this summer and the private portion would start after that.

Just hours later a report about potential financial problems with the overall project, has left some wondering about the future of the development.

Construction on the highly anticipated mixed use parking ramp in Sioux Falls has been steadily moving along.

The private improvements to that will be done alongside and atop of the parking ramp, Nelson said. So that portion will begin later in the year.

We want this contract to be complied with and executed, Nelson said. We want the project to be successful and we are working with the development group and the construction companies to make sure that that agreement and project moves forward.

We asked the city for more details, but only received a statement from Mayor Paul TenHakens Chief of Staff, Erica Beck.

We are reviewing proposed changes in the project scope that were brought to the city by the developer to determine the financial impact to the city, Beck said in a statement. Our top priorities are complying with the existing agreement and avoiding financial burdens to the taxpayers as a results of any proposed changes.

The developers said the changes have been analyzed by the project team to ensure the best possible project.

The rest would come from Village River Group, a company jointly formed by developers Lamont and Legacy Development, which is building the hotel and retail space above the ramp.


Posted in Sioux Falls