If the private sector wants to develop a downtown parking garage, it can pay for it by itself.
That’s the outcome after Hamilton’s planning committee received a consultant’s report which recommended that the city partner with the private sector on a parking structure at a cost of 20-to-29 million dollars.
Councillor Chad Collins says it’s a “difficult sell”, adding that investments in parking may not even be in his top 100 downtown priorities.
The consultant’s report indicates that one-third of the core’s more than 13 thousand existing parking spaces are underutilized.
On the other hand, the report predicts an increase in demand for parking in the year’s ahead, as well as the loss of many spaces due to development projects.
In addition to receiving the consultant’s report, planning committee members have removed reference to any city involvement in a new parking structure.