Riley's first major project was pushing the redevelopment of the central business district. City Council approved $12,500 for a feasibility study for a redevelopment plan on June 7, 1977. A Washington, D.C. consulting group recommended that the city should build a large hotel, commercial, and conference center, and the largely vacant 5-acre lot bounded by King, Meeting, Hasell, and Market streets was a prime candidate. In mid-1977, developer Theodore Gould made a proposal for a $40 million project to be known as the "Charleston Center." The conceptual plans called for a 14-story building with a 700-car parking garage, and preservationists came out strongly against the plans. On January 25, 1978, the first of several lawsuits was filed in an effort to scale back the massive size of the project. Work began in 1981 after several legal challenges. On May 16, 1983, revised plans were released showing the building as it would eventually appear: eight stories in the center but only four around the perimeter. When Gould was unable to secure financing, the city replaced him with new backers and renamed the project "Charleston Place." The center opened on September 2, 1986. Its final cost was approximately $75 million.