2018 GDOT Annual Report

PA R K I N G

February One Place Parking Deck to Begin Construction, Eugene Street Deck Design is Being Developed

The Greensboro Department of Transportation continues to work to build two new downtown parking decks. In 2017, the City entered into a public-private partnership with Elm Street Center Hotel LLC. to design an 850-space parking deck that will be associated with a mixed-use development that will include a hotel, meeting center, and retail space. The developer will design and build the deck and the City will own and operate the deck, which will be located in the 100 block of South Davie Street and will span February One Place. The City has purchased all the property and demolition of existing structures is complete. Design on the deck is approximately 90 percent complete and construction will start later this year when fnal construction agreements are in place. The deck should be completed in the frst half of 2020 at a total cost of $27 million. The City is also working to acquire property from Guilford County in order to build a 950-space parking

deck in the 200 block of North Eugene Street south of Bellemeade Street across the street from First National Bank Field. The new Eugene Street deck will support a planned ofce tower on the northwest corner of Bellemeade and Eugene streets as well as a new hotel at the southwest corner of the intersection. The deck will be behind the new development, which will front Eugene Street. Design is set to begin on the Eugene Street deck. The total cost is expected to be $25-30 million. Bonds will be issued to build the parking decks and will be paid back over 30 years through parking revenues and property tax revenues, which are projected to increase because of the new downtown developments.

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