Government
BY HEATHER MCCULLOUGH
Trio of Roanoke development projects move forward
break ground on the project. A general contracting firm, Brasfield & Gorrie, will advise Roanoke Council on which construc- tion firm to hire and bring forward the guaranteed maximum price for the project, according to city documents from the Feb. 10 regular meeting. The project will be paid for by using Roanoke sales tax and Hotel Occupancy Tax, which levies 13% per room price. A $62 million bond was approved by voters in May 2025 for the project, which did not raise property taxes. Also of note New street names were given to Peabody Way to reflect the dissolved partnership the city previ- ously had with the Peabody Hotel, which would have been constructed where the new hotel and convention center will be. Peabody Way was renamed to Monroe Avenue on the east to west section and Convention Way on the north to south section, per city documents.
Major updates for the development of several downtown Roanoke projects began at the end of February, including the start of construction on a five-story parking garage. The overview The construction for the parking garage on Oak Street started Feb. 23, which will add 430 parking spaces to the downtown area. The parking garage will be located on 0.9 acres at 102 S. US 377 in Roanoke and cost the city $22 million, which will be paid for using a certificate of obligations bond that was approved by Roanoke City Council in October. The garage will finish construction in March 2027, Public Engagement Manager Sandra Pettigrew said. More details A hotel and convention center, which will be located just east of Roanoke City Hall, moved into the bidding process to find a construction firm to
“If you have parking, [people] will come. People can find a spot and go [where] they want.” SCOOTER GIERISCH, ROANOKE MAYOR
Key:
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1 Hotel and
convention center
2 Future parking garage Renamed road
377
MONROE AVE.
CONVENTION WAY
UNION AVE.
1
PARISH LN .
N
SOURCE: CITY OF ROANOKE/COMMUNITY IMPACT
2025 Property Tax Results Are In
Market Value Band: $250K-$500K
$824 Traditional Firms
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$506
Data as of January, 2026. Full methodology: https://www.ownwell.com/results/texas-property-tax-protest-results-agent-performance
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