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The Industrial Development Authority approved a modified mitigation plan for the Coleman Project site requiring an additional $45,455 because of increased wetlands credit costs. The board also approved property transactions tied to a planned parking garage and mixed-use redevelopment, plus a ground lease for CDL instruction classes at 985 Lockett Drive.
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The Coleman site will cost $45,455 more for required environmental mitigation. The authority also advanced several development projects, including a property purchase needed for a parking garage, renovation of the former Commonwealth Machine building into a mixed-use facility, and a lease supporting Danville Community College CDL classes expected to begin in late fall. The board was told that phase one of Dan River Falls is fully occupied and phase two is half filled.
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