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Council hears public-private mixed-use parking garage concept with housing and retail options
Summary
Architects and an affordable-housing developer presented a mixed-use proposal for a downtown lot that would stack parking below with housing and retail above; speakers highlighted the site's grade, possible 66-unit examples, income-averaging for financing, and a public-private ownership model where the city could own parking and a developer owns housing.
Glenn Peterson, identified in the transcript as a retired architect, presented a conceptual study showing how a downtown lot’s grade could accommodate stacked parking with housing and retail above. "This site... has a wonderful facade here that over time we should really address and control the site in any... however you wanna develop the site," he said, describing the potential for additional parking capacity and a mix of uses that could include affordable housing above a parking podium.
An affordable-housing developer (Blue Ridge) told council the project could use income-averaging to serve a broader mix of tenants and that some prior projects operate successfully with reduced or zero on-site parking when transit access and shared shuttles exist. The presenters described a likely public-private partnership where a developer finances and operates housing/retail while the city could retain ownership of the parking deck and leverage existing parking revenue to support financing.
