The development, Hitcents Park Plaza, encompasses a parking ramp and restaurant/retail space. The parking ramp is doing fine, but the development has gone through some very bad patches. From Bowling Green Daily News:
Hitcents Park Plaza could be renamed Stadium Park Plaza if he takes over the project, said Katzoff, a real estate developer and restaurateur….
The commercial wrap has had financial problems for months, including shuttered restaurants and liens filed on the property by contractors who say they are owed money for work done on the property.
Under the settlement, the county has agreed to settle with contractor Alliance Corp. to satisfy claims of Alliance and subcontractors on the project, and the authority will step in as temporary landlord for the property before a new developer for the project can be brought in. Mills Family Reality had been the developer of the property.
Bowling Green Ballpark opened in 2009 and was always envisioned as a way to pick up the downtown economy. Hitcents Park Plaza has had issues, to be sure, but given that ballpark development has been heating up in last year or so, it makes sense for Katzoff to look at investing in the area: a healthy Hitcents Park Plaza can only help the Hot Rods financials.