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Council clears public‑private deal to build 309‑space garage that will reserve 130 spaces for Palomar
Summary
Council approved the consent-item resolution backing a proposed 309‑space parking garage for the Palomar project, combining MAPS, TIF and private contributions; 130 spaces will be dedicated to Palomar for 30 years and the garage will be supported by a pay‑as‑you‑go TIF structure.
The Oklahoma City Council approved a consent-docket resolution on Jan. 14 endorsing a package of public and private contributions to build a 309‑space parking garage intended to serve the Palomar nonprofit’s new facility and to provide additional public spaces for future neighborhood development.
Kenny Sewell, who introduced the item on behalf of partners, described the structure as a hybrid public‑private‑philanthropic arrangement. Sewell said MAPS 4 funds (described in the presentation as roughly $3.5 million) and $2.2 million from Downtown TIF 2…
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