Fayetteville businessman Mel Collier has offered $3 million to the city for the 2.8-acre West Avenue parking lot in downtown Fayetteville, at the corner of Dickson Street.
Collier, who owns Collier Drug Stores Inc. at 100 W. Dickson St., submitted the offer Friday through his attorney to Jeremy Pate, the city’s development services director.
A copy of the letter is available here. Collier said he has the backing of the businesses that make up the Dickson Street Merchants Association.
Collier said his motive for the all-cash offer is simple — he and other Dickson Street business owners can’t afford to lose any amount of parking.
“I hope this brings to light how serious the merchants are down here about parking,” Collier told the Northwest Arkansas Business Journal.... [ MORE ]