I hope St. John’s City Council will, in the near future, divulge more information to us concerning two downtown developments.
The two (Eastport Properties on Water Street and Henry Bell Developments on Duckworth Street), involve the City contributing money to create public parking spaces.
There are many questions surrounding this initiative of trading off development regulations for parking spaces with taxpayers’ dollars. Especially when, each developer was willing to work within the development guidelines.
How much money? We do not know yet, as the City is still negotiating with the developers.
Who will be responsible for the ongoing operational expenses attached to the public parking spaces? What of liability issues?
Will the city receive the parking fees? What is the estimated return on investment?
Is this the most efficient and effective use of taxpayers’ dollars for downtown parking? Would a stand-alone city-owned parking building be more cost effective?
Are these two initiatives a sign of the future development process within the city?
These are some of the questions. I’m sure there are others.
I hope the city enlightens us all very soon.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment