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Committee flags parking and financing as barriers to Highway 43 redevelopment
Summary
Committee members and the planner said limited parking and financing constraints could limit the feasibility of mixed‑use redevelopment along Highway 43; one member cited per‑space costs that make structured parking expensive for small projects.
Members and staff repeatedly identified parking as a limiting factor for redevelopment on Highway 43. City planning staff said developers told them projects are difficult to finance without adequate parking, and the committee discussed tradeoffs between parking requirements and density as part of the Vision 43 code discussions.
One committee member noted the high cost of structured parking: "Just a parking space by itself is, like, $20.30 grand," an estimate heard during the meeting. Members discussed rooftop parking and subterranean solutions but said such options raise costs and complicate feasibility; staff suggested incentive tools—reduced SDCs or tax instruments—to make mixed‑use projects more attractive.
