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Commission directs staff to obtain appraisals as downtown parking options are reviewed
Summary
Commissioners discussed multiple downtown parcels and directed staff to obtain appraisals and engineering estimates to evaluate public parking options; possible asking price around $500,000 was reported and potential parking yield estimates ranged from about 45 to 76 spaces depending on layout.
The Port St. Joe Commission reviewed options to secure downtown parking and instructed staff to obtain appraisals and engineering estimates to quantify cost per parking space.
City staff reported multiple parcels are under consideration. One property owner earlier indicated a possible asking price of about $500,000; staff said the lot measures roughly 120 by 90 feet. Engineering estimates discussed at the meeting suggested a parking yield ranging from roughly 45 to 76 spaces depending on layout and design choices, but the commission emphasized the need for precise appraisal and engineering work before making an offer.
Commissioners discussed the long‑term value of acquiring property for parking, including future options to bond and build structured parking. No final purchase motion was adopted; staff was directed to return with appraisal results and an engineer’s estimate of parking capacity and cost per stall.
Why this matters: Downtown parking is framed as a constraint on downtown economic activity and events. Commissioners signaled willingness to pursue acquisition if appraisals and engineering data support the investment.
Next steps: Staff to secure appraisals and engineering site plans; commission may revisit with a formal offer contingent on appraisal results.
