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Spokane officials pitch commercial parking tax to push surface lots toward redevelopment
Summary
City staff proposed a citywide local option transportation tax on commercial parking (12% with a 6% efficient-land-use credit) aimed at incentivizing redevelopment of surface parking lots and generating a dedicated transportation revenue stream. Council members pressed staff on exemptions, downtown impacts and how revenues would be spent.
City officials presented a proposed local option transportation tax on commercial commercial parking Tuesday that would levy a 12% charge on commercial parking transactions, with an efficient land use credit cutting the rate to 6% for lots that meet redevelopment or structured-parking criteria.
The proposal, described by John Snyder, director-level appointee to the proposed Transportation & Sustainability division, would apply citywide and is authorized by Washington state law, which permits cities to impose a commercial parking tax without voter approval and restricts how revenues may be used to transportation-related projects and planning. Snyder said the credit is intended to incentivize conversion of surface lots into housing or mixed-use buildings and to create a dedicated…
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