Here’s some more on the long-term lease a company holds for 15 spots on Bay Street
Thursday, November 5th, 2009I got a call from a reader angry about the parking situation downtown, and she specifically wasn’t happy about the city leasing parking to the owners of the Flatiron Building for parking along Bay Street.
It’s not fair that the general public can’t use the 15 parking spaces, which are public property, she said.
The city decades ago first signed a contract with the building owners to guarantee parking along the short section of Bay Street between Prospect and Champion streets (the spaces are across from the American Museum of Radio and Electricity). It was a piece of candy in the late 80s to keep the company from joining the ranks of many others and fleeing downtown.
The contract is a long-term lease of those parking spots, and the company pays full parking rates. They lease the spots from 6 a.m. to 5 p.m. on weekdays for their employees. The Flatiron Building is the triangle-shaped one that now housing the engineering company CH2M Hill.
The city extended the lease to last through August 2010. When the company leaves the space, which they plan to do soon to move to the waterfront, the lease expires.
Click here to see the latest update of the contract.













