Council approves letter of intent for 600‑space downtown parking garage at GSQ
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Summary
Council approved a letter of intent with RG Land Partners for a 600‑space public parking garage at the GSQ development; Globe/Red would donate land, the city would fund construction (estimated ~$25,000 per space) and own the facility, which will include a public‑safety substation.
The City Council approved a letter of intent to move forward with plans for a public parking facility at the GSQ downtown development.
City staff said the proposed facility, to be constructed on donated land from RG Land Partners (a Red Development and Globe Development partnership), would provide roughly 600 spaces and include a public safety substation of about 1,500 square feet. The city would fund construction and own and operate the garage; Globe/Red would manage construction and share annual operating costs 50/50 with the city. The staff estimate for construction was a conservative $25,000 per space, or about $15 million for the garage itself (not including the substation or public plaza improvements).
The agreement is a letter of intent, not a final development agreement; staff said the developers would follow state procurement rules during construction, and the partners could receive reimbursement of up to $500,000 in predesign services. Council approved the letter of intent by voice vote, 7–0, and staff indicated formal agreements would return for council consideration following preconstruction work and design.
Councilmembers raised questions about signage, operational responsibilities, and the potential to design the garage for future expansion; staff committed to including public safety features and wayfinding in the design process.