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Parking fund faces multimillion-dollar garage repairs; commission asks staff to study revenue options
Summary
City staff told commissioners the parking system has spent roughly $8.4 million on garage repairs since 2021 and faces additional capital needs that could reach millions more if full remodeling is pursued. Chester Garage repairs alone approached $5 million, and work at other decks (Peabody, Park Street, North Old Woodward) is planned. Staff said
City parking staff and the finance department reported a large, multi-year capital program for the city's parking garages during the FY2026 budget hearing and asked the commission to consider options for recovering more of the costs through parking revenues.
Finance staff reported a net position in the parking system of about $38.3 million but noted that the condition work at Chester Garage produced unexpectedly high repair costs — roughly $5 million for concrete/waterproofing and associated repairs. Staff said design packages for the next garages (Peabody, Pierce and others) were delayed while the city…
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