In a recent government meeting, officials discussed the strategic acquisition of properties to address parking shortages in Allentown, particularly in light of ongoing urban development. The conversation highlighted the purchase of the 940 Linden Street parking deck, which was deemed a financially sound investment, costing approximately $11,000 per parking space—significantly lower than neighboring Bethlehem's new deck at $45,000 per space.
Officials emphasized that the acquisition was made to support economic growth in the area, which is seeing new developments such as hotels and entertainment venues. The board noted that the parking authority is tasked with meeting the demands of this growth, ensuring that adequate parking is available to attract further investment and development.
Additionally, the board is exploring options for discounted parking rates for residents near the new deck, aiming to alleviate street parking congestion. This initiative is part of a broader strategy to enhance community relations and provide solutions for residents who may have multiple vehicles.
The meeting also addressed the need for increased parking fines, primarily targeting street parking violations. Officials argued that raising fines would generate revenue necessary for developing more off-street parking options, which are currently in high demand. They acknowledged the challenges faced by residents due to limited parking availability but stressed that the revenue from fines would be reinvested into creating additional parking facilities.
Overall, the discussions underscored the parking authority's commitment to balancing the needs of urban development with community concerns, as they work to improve parking infrastructure in Allentown.