Another Parking Ramp in Mound
This entry was posted on 3/30/2007 11:15 PM and is filed under uncategorized.
There's a recent story in the Laker about the Auditors Road project that covers Mound's negotiations with the company, Mound Harbor Renaissance Development, LLC of 1521 94th Lane NE, Blaine, Minnesota. Where we are at, is building a building to house at least a restaurant. The restaurant is unnamed for what I call unclear reasons.
The developers have said, as I interpret the Laker story, another parking ramp is needed. They may be right, but I'd feel a little better if Mound came up with this idea first. Mound could pay 80% of the cost of the ramp. It's tempting to conclude that one restaurant equals 80% of a million dollar ramp, but that wouldn't be fair. The secret restaurant would pay for it's parking, assuming it uses 20% of the ramp. But who is paying the other 80%. Future new businesses or existing business, or who? Let's say it's not a subsidy now. So are the businesses that follow the secret restaurant going to pay their share for parking?
Also noted is a unanimous vote by the Mound City Council that (as I read the article) if the developers come to them with this plan they will most likely accept.
