2020 Downtown Parking Assessments
The City of Grand Forks operates and maintains public parking ramps and surface lots downtown. These facilities benefit the customers, users, and employees of downtown businesses, so downtown business owners are usually required to pay an annual City Parking Assessment. These assessments fill the gap between parking permit revenue and system operating costs.
City Council recognized that the Demers reconstruction project would be disruptive to downtown business and, to reduce that impact, agreed to use other funds to fill this gap in 2019. There will also be no parking assessments in 2020.
Due to current and anticipated construction activity downtown, the municipal parking system projects above-average revenue in 2020. This added revenue is expected to cover operating expenses for the year, meaning no parking assessments will be necessary in 2020. Staff is hopeful that this trend will continue and that increased development in our downtown will allow the municipal parking system to become permanently self-sustaining and eliminate the assessment process. This is not certain at this time, however, and there is still the potential for parking assessments in 2021. This will be reviewed as part of the regular city budget cycle, and businesses will be notified of any assessments for 2021 in the fall of 2020.
If you have questions, please contact Ryan Brooks, 746-2678, or email@example.com.