The meter is running on a contract for additional parking in downtown Rapid City. Destination Rapid City plans to pull $2.5 million private dollars from the city by June 1.
Destination Rapid City President Dan Senftner said the city has run out of time.
"For continued growth we need parking. We have brought several proposals to the city to get parking with no resolution. So, at this point, my frustration level is a little bit at its peak," Senftner said.
Senftner submitted a letter to the city this week retracting $500,000 in promised parking funds for this lot at the corner of 8th and Omaha Streets. Another letter is in the mail that will retract an additional $2 million intended for any parking between 5th and 9th Streets and Omaha and Quincy Streets. Both offers have a June 1 expiration date.
"There's a timeline otherwise these things can carry on for years," Senftner said.
Public Works Director Terry Wolterstorff said losing the private funds is unfortunate but sometimes the right answer is walking away.
"There just really was not an efficient and economical location that we could utilize these funds and really solve any parking problems downtown," said Wolterstorff.
With the potential expansion of the Rushmore Plaza Civic Center and forward motion on the President's Plaza project, Wolterstorff said the prudent move is to wait and see.
"I think sitting back and waiting for the next 6 months to see what happens is not a bad thing," Wolterstorff said.
Senftner said he's been "waiting and seeing" on the President's Plaza for nine years. He is disappointed to see the city walk away from the money but they're at an impasse.
"It's too bad, but I don't see an out," Senftner said.
"I don't see any other options moving forward," Wolterstorff said.