In the editorial, “Multileveled divisions”, published on Wednesday, July 26, 2017, the writer makes the statements below, which we believe are misleading.
“The onus now is for civic officials to show taxpayers – their employers – how this is a good plan both financially and for their community’s betterment. They should explain in detail how a multi-million-dollar investment can pay for itself, and they should explain how they plan to increase tourist traffic year-round so that parking spots – ergo, businesses – don’t sit vacant.” Peace Arch News
The editorial implies that the City did not provide the financial and/or general rationale for the parking structure. That is not correct.
On Monday, July 24, 2017, at the Land Use and Planning Committee Meeting, Dan Bottrill, Chief Administration Officer delivered a presentation outlining how this parkade will pay for itself, how the calculations take into account parking visitors who are price sensitive, how differential parking rates will help increase tourists to the area with available parking capacity and more.
The Land Use & Planning corporate report on the Waterfront Parkade and on table presentations are available on the City’s website:
Anyone from the public who could not attend the meeting, and wishes to review this presentation, which includes financial modeling regarding parkade rates and size, can do so at their convenience by watching the video and choosing item 8 (highlighted in the screenshot below).
The City strives to ensure the public is informed with factual and accurate information that will help encourage meaningful civic discussions.