While it is fine to get excited about a new $50 million dollar, 120 room, 13 story hotel downtown, that excitement quickly deflates when you consider the private developer is asking taxpayers to pony up $21.3 million toward that figure for 525 public parking spots.
While there is nothing wrong with a public/private partnership, we are definitely getting hosed.
Stalls in a typical parking ramp range in value from $20-25,000. Paying $40,570 per stall is freaking ridiculous if not ALMOST criminal. The airport recently proposed a parking ramp in front of their terminal that came in at that $25,000 stall range.
I’m curious if we are paying for a parking ramp or a hotel? This wreaks of corruption from the developer who toppled the Copper Lounge.
https://www.youtube.com/watch?v=uKw0FMSEavA