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Norwalk approves amended parking agreement to support The Walk development and theatre parking rights
Summary
The City Council and Norwalk Community Facilities Financing Authority approved a revised parking agreement clarifying operations, potential exclusive theater parking, and rights for the Walk project developer; the agreement allows Prime Store to assume operations and allocates city parking for business hours.
The Norwalk City Council and the Norwalk Community Facilities Financing Authority on a joint vote approved an amended and restated parking agreement that clarifies parking rights at the Civic Center garage and supports the planned mixed-use Walk project.
Alex Hamilton, city staff presenting the item, summarized that the 1995 ground lease and subsequent subleases governing the Civic Center multilevel parking structure require updating so the city, the NCFFA, the theater developer and AMC and Prime Store (developer of The Walk) have clear…
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