Study: Garrahy parking garage would cost $43M

The proposed transformation of a surface parking lot next to the Garrahy Judicial Complex on Dorrance Street into a seven-level parking garage will cost approximately $43 million, according to a report released Wednesday by a special legislative commission. More

To continue reading this article, please do one of the following.



transportation

Study: Garrahy parking garage would cost $43M

COURTESY FUSS & O'NEILL
THE REDEVELOPMENT OF the Garrahy Judicial Complex parking lot into a 1,250-space parking garage would cost approximately $43 million, according to a special legislative commission report. Above, a layout of the proposed garage drafted by Fuss & O'Neill on behalf of the General Assembly commission.
Posted 5/14/14

PROVIDENCE – The proposed transformation of a surface parking lot next to the Garrahy Judicial Complex on Dorrance Street into a seven-level parking garage will cost approximately $43 million, according to a study released Wednesday by a special legislative commission.

The garage would include approximately 1,250 parking spaces at a cost of $31,250 per parking space, the report stated, in addition to the cost of building out roughly 13,800 square feet of retail storefronts on the ground level of the garage along Clifford and Richmond Streets.

Interstate-195 Redevelopment District Commission Chairman Colin Kane has previously described the Garrahy parking garage plan as necessary to prevent the roughly 20 acres of former highway land known as The Link from remaining vacant, a view echoed in the special commission study.

“Given the prime geographic location of the Garrahy site, this property has been identified as a key location for structured parking to support existing and future development-driven demand in the Link area,” the report stated.

Gov. Lincoln D. Chafee’s proposed fiscal year 2015 budget included support for both the Garrahy parking garage project and a separate but related project to build two new R.I. Public Transit Authority bus hubs, including one that will likely share a location with the Garrahy garage.

Under Chafee’s plan, both projects would be financed through borrowing – right now $40 million for the bus hubs and up to $45 million for the Garrahy garage. The budget called on voters to approve the bus hub project in a November referendum, while the R.I. General Assembly, not voters, will decide whether to go ahead with the parking garage.

To view the complete conceptual analysis of the Garrahy garage plan, visit www.rilin.state.ri.us.

Calendar
PBN Hosted
Events

DEADLINE EXTENDED to Friday, October 3rd for applications for the 14th Annual Business Excellence Awards Program. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement