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RDC approves parking agreement allowing IU Trades District Hotel to purchase up to 170 monthly permits
Summary
The commission approved Resolution 26‑23 authorizing the Trades District Hotel to purchase up to 170 monthly parking permits at market rates (parking services to administer). The controller reported the garage holds 350 spaces; a public commenter raised questions about downtown hotel saturation and parking demand.
Staff explained that Resolution 26‑23 implements the parking provisions already contemplated in the sale of the hotel parcel in the Trades District by authorizing the hotel to purchase up to 170 monthly permits at market rates established by city ordinance; parking will remain administered by Parking Services and the hotel would handle policing and operational integration costs.
Commissioners asked about garage capacity and allocation; the city controller reported the Trades District Garage contains 350 spaces and staff confirmed the hotel's purchased permits are subject to availability. Public commenter Audrey Smith urged commissioners to consider overall downtown hotel supply and who the new rooms serve. The commission approved the resolution by unanimous roll‑call vote.
