Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Parking topic
No spam. Unsubscribe anytime.
CRA touts parking portfolio, recommends similar lease terms for Mount Moriah lot
Summary
Staff reported the CRA manages roughly 273 parking spaces across several sites, including a recently added ~60 spaces, and proposed extending the Mount Moriah lease with clawbacks to protect CRA interests if the church repurposes the site.
Agency official reviewed the CRA parking inventory, saying the agency currently controls parking between the Park Place Garage, Bank of America and the Mount Moriah surface lot and that the portfolio totals roughly 273 spaces. Staff noted an earlier addition of about 60 spaces at New England and described the proposed lease extension with upfront lease payment and clawback clauses to preserve CRA leverage over next-decade use.
The presenter said the lease structure would keep rental rates low while allowing the property owner to make certain site improvements. Staff also noted the agreement’s clauses were designed to ensure the CRA can respond if the property’s use changes over a 10‑year extension.
