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Fredericksburg City Beat

This blog includes news about City Hall, city schools and other 22401 news.

Pamela Gould reports on City Hall. You can reach her at 540-735-1972 or pgould@freelancestar.com. Robyn Sidersky reports on city schools. You can reach her at 540-374-5413 or rsidersky@freelancestar.com.

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What’s going on with that Frederick Street warehouse?

That’s a question I’ve been asking all summer long. And although city officials still aren’t ready to declare it so, a deal they’d been hoping would rescue the former coffee warehouse and candy factory at 310 Frederick St. is pretty much dead.

Pennsylvania resident Terry King, who had been negotiating to buy the building and adjacent properties, said this evening that there is little chance he will reverse his decision to withdraw himself from the purchase process.

You can find a little background on this building, which was one of the three worst structures cited in the Koelzer report, in this story. (Read about what the Koelzer report is here.)

Although the building everybody wants to save is owned by the Janney-Marshall Co., King is blaming the Historic Fredericksburg Foundation Inc. on the transaction’s failure. Read his letter to the foundation here.

City officials met with HFFI representatives today. The city pledged to call King’s lawyer to see if he could be brought back into the process, and HFFI has scheduled an emergency meeting for Monday morning to discuss the situation, but King said he doesn’t see revival as a likely outcome.

He made a point to say that he thought city officials treated him professionally, that he likes what he sees in the city’s JumpStart plan, and that he wouldn’t rule out coming back to Fredericksburg for a different development project.

“It’s just too bad this didn’t work out,” he said.

We’ll have a fuller story on this in Saturday’s paper.

Permalink: http://news.fredericksburg.com/citybeat/2007/09/21/whats-going-on-with-that-frederick-street-warehouse/

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