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Downtown Parking Board approves midyear financial report and Westbank permit request, rejects a 40‑space agreement for First/I‑280 site
Summary
Parking Division staff presented a midyear financial activity and capital update; the board voted to approve the midyear financial report and capital items, denied a proposed 40‑space permit agreement for one developer’s 1st/I‑280 lot, and approved a 117‑space global permit for the Westbank conversion project.
Parking Division staff presented the Downtown Parking Board with a midyear financial activity report and capital program update and summarized revenue and expense performance through the fiscal midyear.
The staff presenter said midyear revenues were tracking slightly above budget and expenses were under budget, but overall revenues have not yet returned to pre‑pandemic levels. Staff said the department will present full year results at the board’s November meeting.
Key capital and program notes: staff reported ongoing garage elevator refurbishments and façade work at San Pedro Square (scheduled to be completed and prepared for artwork before February), a programed downtown…
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