Wollongong City Council is set to spend $700,000 on a block of red-brick units that will improve access to the Stewart Street East Car Park site and assist with a multi-storey redevelopment of the car park.
An agreement to buy the four-unit complex for $700,000 has been reached with the owner, with councillors to vote on endorsing the purchase at tonight's council meeting.
Council staff say the car park, as a battle-axe block, lacks accessibility and the acquisition would help resolve this issue and allow the car park to be reconfigured to increase car spaces.
The site comprises four residential flats, which all have tenants. The council proposes to allow the tenants to remain until a decision is made on the proposed redevelopment of the car park.