UPDATED: June 25th at 10:30 p.m.
After several speakers and lengthy discussion, the Quincy City Council approved the purchase of 601 Jersey Street for the purpose of building a parking lot.
When you take a look at the parking lot at the corner of 6th and Jersey in Quincy, you see what many people consider an eyesore. Broken pavement, concrete curbs that are crumbling and even some broken glass. But now the City of Quincy is on the verge of gaining possession of this property and turning it into a 70 plus stall parking lot.
Gary Sparks is the Director of Administrative Services for the City of Quincy and he said, "It's dollars that have to be utilized in the Central Business District. And plus I think it's a better way to approach it, then to hire a full time meter maid. You get a lot of salaries, benefits and expenses and I think this is a much better approach and I think it's a better bang for the buck for the taxpayers."
Travis Brown is the director of the Historic Quincy Business District and he said because of the high occupancy rate in downtown area, that parking lot is badly needed. Right now, there are just under 700 spots in 8 parking lots in the downtown area and Brown says he hopes this plan will get underway soon.
"It's not just the businesses that are here. But were also looking towards the future and having room to grow. Both not with just new businesses, but with up story residences as well. You know that's going to be the next big step for us and the next big push to make sure we're getting more residents. The more we can do to accommodate 24 hour parking, the better we're going to be," said Brown.
The city plans to use tax increment financing district money to pay for the project. That means there won't be any money coming from the city's general revenue fund to pay for the project. Money that is generated in a TIF district stays in the geographical area and is used for infrastructure improvements like sewer lines, new lighting and even repairing old parking lots.
This specific Tax Increment Financing or TIF district generates about a quarter of a million dollars a year of property tax receipts.
The total cost of the parking lot project will total about half a million dollars.