Parking Deck Development

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Downtown Parking Deck Development

The City of Greensboro is working with local developers to secure two new parking decks in downtown. The decks will support new jobs and increased activity in the downtown, as well as planned hotels and office buildings. Three of the four City-owned decks have reached capacity. The debt on the projects will be paid with revenue generated from parking fees. Read the project Frequently Asked Questions for more information.

February One Parking Deck Market Davie Street Corner 11-30-2017February One Parking Deck
Estimated construction cost: $30 million
Estimated annual operating, maintenance and debt cost: $2.6 million

Capacity: 850 parking spaces
Size: six stories

Eugene Street Parking DeckEugene Street Parking Deck
Estimated construction cost: $30 million
Estimated annual operating, maintenance and debt cost: $3 million

Capacity: 1,050 parking spaces
Size: eight stories

 

Project News
The City of Greensboro hosted an open house for residents to view and discuss plans for two new downtown parking decks on December 12 at the International Civil Rights Center and Museum, 134 S. Elm St.

History

  • 2008 – Council asks staff to produce a parking study to determine if additional parking is needed due to the county jail development.
  • 2010 – Council directs staff to wait to pursue a new parking deck until the project can be done in association with new downtown development.
  • 2015 – Lincoln Financial commits to bring up to 600 new employees downtown. It requests the City build a new deck to accommodate additional employees.
  • 2016 – City develops plans for decks on Davie and Eugene streets, to accommodate new employees and the needs of new hotels and office buildings.
Related Documents

NEW: Parking Deck Financing
NEW: Downtown Parking Deck Frequently Asked Questions (FAQs)
Council Resolution Authorizing February One Parking Deck Development Project
Council Resolution Authorizing City Attorney to Acquire an Easement by Eminent Domain for February One Parking Deck
Council Resolution Authorizing Project Management and Cost Sharing Agreement for Eugene Street Parking Deck
Parking Deck Proposal Presentation – December 2017 

 

More Info
If you have additional questions about these projects, e-mail us.