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Redevelopment agency approves three Magnesium Street purchases to expand downtown parking
Summary
The Henderson Redevelopment Agency unanimously approved purchase-and-sale agreements for properties at 38, 42 and 46 Magnesium Street to demolish older structures and expand downtown parking; the board conducted public hearings for each item but heard no public comment.
The Henderson Redevelopment Agency voted unanimously to approve purchase-and-sale agreements for three properties on Magnesium Street as part of a downtown parking expansion plan.
Agency director Anthony Malloy told the board the items are related and funded in part by tax-exempt bonds issued in November 2023. "The North End Of Water Street has become increasingly popular in recent years," Malloy said, adding that the agency plans to demolish existing older structures, expand the site into a parking lot and position one parcel for future development. Malloy said the purchase price for 38 Magnesium Street is $495,000; purchase prices for 42 and 46 Magnesium Street were…
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