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Why are there parking meters covered in front of the new Bank of America Building on Third Street?

Patrick Gannon

At its Jan. 5 meeting, Wilmington City Council authorized an extension of the bagging of seven parking meters on North Third and Walnut streets, Wilmington, [Map this] in front of the new Bank of America building.

The building developer, 3rd Street Properties, requested to bag the meters as it finished constructing on-site parking for bank customers.

According to city documents, the developer’s lease with Bank of America required the developer to provide seven parking spaces adjacent to the bank. But the developer couldn’t finish the spaces in time for the opening of the bank.

So 3rd Street Properties requested to bag the meters through Feb. 26, and the council obliged. The company has agreed to pay the prevailing rate for each bagged meter, or $7.13 per day, for each day they are bagged.

According to the city, no further extension will be granted.

User-contributed question by:
James E.Lewis
James E.Lewis

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