Update posted Aug. 20
Here’s the link to Cody’s story about South Peak, published in Saturday’s Roanoke Times.
My colleague Cody Lowe has breaking news on roanoke.com today about the possibility of a Cracker Barrel and a Hilton Garden Inn going in at South Peak, the 8-year-old project formerly known as Slate Hill.
The restaurant and hotel would be in addition to condos and offices planned for the site.
I know that Cody is working on a more detailed story for Saturday’s newspaper. I’ll post a link to that story here.
Here is some history on the project, located at the intersection of Virginia 419 and U.S. 220:
- The project became controversial in 2004 with developer Jim Smith cleared the highly visible hilltop of trees. There was further outcry about the high brick retaining walls at the base of the hill.
- Smith later blamed the Virginia Department of Transportation and Roanoke County for being difficult to work with, delaying his plans to build condos, office buildings and attract restaurants. The recession in 2008 further stalled his plans.
- Last year, the county agreed to create the South Peak Community Development Authority, a quasi-governmental body with the power to issue up to $16 million worth of tax-exempt bonds. The bonds are being used to help build roads, put in curbs and gutters, create storm water management systems and erect a parking garage. The developer, not the county, is responsible for repaying bondholders.