Local News

Downtown Parking Deck: $45,000 Per Space

Posted November 7, 2006

— The further down crews dig on the site of a new downtown parking garage, the more the price goes up.

The City Council approved spending another $4.4 million on the underground garage, which will be located next to the new Raleigh convention center. That pushes the cost to build the 906-space deck to more than $42 million -- or about $45,500 per space.

"(More than) $45,000 per parking spot is an exorbitant amount," Councilwoman Jessie Taliaferro said, questioning the spiraling cost of the deck.

The current price tag is 50 percent more than previous projections.

"That's a lot of money focused on one project downtown," Taliaferro said.

City Manager Russell Allen said architectural changes to appease the owners of adjacent properties are the reason for the extra cost.

The property owners believe the construction of the deck could damage the foundations of their office towers and a second parking garage. They said the deck cannot be built safely without the additional work and money.

"The largest part of this is unforeseen conditions with our neighbors to the north," Allen said.

He said the extra money could come from the city's parking fund.

Taliaferro and other council members said they worry the price tag could continue to grow, forcing them to find other sources of revenue, like adding more parking meters downtown. They want money from the county's hotel and restaurant tax to help fund the project.

Councilman Thomas Crowder said he believes the money spent on the parking garage will be a solid investment for the city.

"This deck is proving a one-time opportunity with all the redevelopment here and actually allows for a higher tax base in the city without taking up any surface land," Crowder said.


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  • IveGotMyOpinion Feb 15, 2007

    Think about any of the theme parks. Free shuttles whisk you from your parking spot to the park intrance. It's not so bad, sure it's a culture change, but it's just part of the experience. Combine that scenario with expensive reserved and unreserved parking close-by that is available if you really need it. That's the anwser. It would probably help downtown growth too.

  • sfarrell16 Feb 14, 2007

    How much is this hotel tax? Cause it seems like every project I read about is relying on the hotel tax to pay for part of their project. I mean St. Augustine and Shaw wanted the tax to pay for their stadium that no one would go to so thankfully the City Council was smart enough to get rid of that idea.