WHAT PROBLEM IS BEING SOLVED?
The City has been deferring maintenance on the three downtown parking garages, Liberty, Marion and Chemeketa Parkade for several years. Now there is several million dollars worth of deferred maintenance built up. The City wants parking meters on-street for two reasons, 1.) to generate income to catch up maintenance, and shore up operations costs, and 2.) to be able to sell the 3 downtown garages.
The City has been purposely allowing the garages to deteriorate until the only solution is total replacement. For total replacement (capitol improvement) the City can use Urban Renewal funds. Urban Renewal funds should be spent on projects which increase property value and decrease vacancy downtown – not maintenance.
HOW ARE OTHER CITY OWNED GARAGES COSTS PAID FOR?
All the city owned garages, except the downtown garages, have their maintenance, management, and operations cost paid out of the general fund – as a public amenity like parks, library, roads, etc. Only the three downtown garage’s costs are expected to be paid by the surrounding business.