$45K On-Street Parking Cost Delayed
Developers who want to remove an on-street parking space in downtown Ann Arbor may need to pay the Ann Arbor Downtown Development Authority $45,000 per space, but not yet. The council postponed approval of the policy at its Dec. 2, 2013 meeting – because of a desire first to hold a public hearing on the matter. The Ann Arbor DDA manages the public parking system under a contract with the city.
In this matter, the council would be acting on a four-year-old recommendation approved by the Ann Arbor DDA in 2009:
Thus it is recommended that when developments lead to the removal of on-street parking meter spaces, a cost of $45,000/parking meter space (with annual CPI increases) be assessed and provided to the … [Full Story]