Tuesday, June 19, 2012

City Purchases Downtown Parking Structure

City Council voted today to approve the purchase of a 157-space downtown parking garage near the Convention Center. The City agreed to pay $1.4 Million for the structure, noting the importance of its location near the downtown cultural districts, Union Plaza, the Golden Horseshoe shopping district, the Plaza Theater, and the convention area. The parking structure is located at 120 W. San Antonio Ave., at the corner of Santa Fe Street.

The purchase is a strategic move for the City. It immediately provides additional parking spaces for convention area events, and it also gives the city prime real estate for future development projects. In the Downtown 2015 plan, the area was designated an ideal location for additional hotel space.

City Council Agenda item (PDF): http://www.elpasotexas.gov/muni_clerk/agenda/06-19-12/06191210.pdf