Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City leases downtown garage floors to hotel operator for reserved stalls; $25 monthly per space
Summary
The commission authorized a 5½‑year lease with HCW (Hilton operator) for 250 reserved stalls (expandable to 300) in the downtown parking garage, establishing a $25/month per reserved stall rent, annual revenue share and private enforcement for leased spaces.
The Manhattan City Commission authorized city administration to finalize and execute a lease giving HCW (the operator for the Hilton conference center) exclusive control of 250 reserved parking stalls in the downtown parking garage, with an option to increase to 300 stalls. The commission approved the lease authorization by a 5‑0 vote.
City staff described the lease terms as a 5½‑year agreement that assigns the Second and Third floors primarily to HCW as reserved stalls; the agreement allows HCW to expand to 300 reserved stalls at the same monthly rate. The monthly rent is $25 per reserved space; at 250 stalls that produces roughly $6,000 per month or $75,000 annually, revenue that will be deposited in the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
