In an attempt to free up more parking in downtown Grand Junction the City along with the Downtown Development Authority will build a new parking garage.
The plans were finalized Wednesday night during the Grand Junction City Council meeting. The garage will be located in the 400 block of Rood Avenue and will hold more than 324 spaces. Half of those spaces will be privately owned with the rest being open to the public.
The three story structure will cost $4.7 million. There will be no new taxes to pay for the garage, instead money from the City parking fund and Downtown Development Authority will finance it.
The public parking spaces will cost a small fee for use but the exact fee has not yet been set. The contract will be awarded sometime between June and October of 2005.
Construction on the new parking garage will begin next spring and will be complete no later than December of 2006.
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