The Ferndale city council has given the proposal for a six-story parking deck/apartment combo another look, and has reluctantly agreed to let negotiations go forward. The proposal was first brought before the council early last month, by the developer and the Ferndale Downtown Development Authority.
Parking in Ferndale has been an issue for awhile now, but there’s no money in the city’s general fund to alleviate the problem. The proposed structure, according to its developer, would end up costing the city next to nothing if they used its parking fees and ticket revenue to front most of the money. With adjustments to the downtown parking rates and potential property taxes on the building itself, the costs would be just about covered supposedly.
At least one council member wasn’t entirely buying it though, and questioned the speed with which this proposal was being negotiated, as well as the information presented. The developer was quick to point out that he isn’t asking for an agreement from the city yet.
Jeremy Sewleski, “Council Reluctantly Agrees to Pursue Parking Deck Proposal.” CandGNews.com