Fargo city leaders plan to create more downtown parkingFargo, ND (WDAY TV) -- There is another plan to create even more parking spaces. Fargo city leaders are planning a multi-million dollar project. It'll take parking to a new level. It will also add retail stores and apartments.
By: Kay Cooley, WDAY
Fargo, ND (WDAY TV) -- There is another plan to create even more parking spaces. Fargo city leaders are planning a multi-million dollar project. It'll take parking to a new level. It will also add retail stores and apartments.
The first location, designed by the Kilbourne Group, would be here at the US Bank Plaza, off of Broadway downtown.
Doug Burgum/Kilbourne Group Founder: "As strong as downtown has become, it can really move to the next level of vibrancy in the next five years and we think this could be one of those projects that can be part of that."
The project includes retail shops on the first level, followed by apartments or condos, then multi-level parking.
Linda Hinrichs/Fargo: "I spend a lot of time downtown and it gets to be a real problem trying to find a place to park."
Burgum: "Think of Rockefeller Center, think of ice skating rinks, think of programming and music and food."
Restaurants or even a hotel could top it off.
Hinrichs: "I guess it can't hurt. The more we have downtown the better as far as I'm concerned."
Holly Cleary/Fargo: "It'd be a great idea. The downtown area is a good atmosphere for new venues."
The building may cost upwards of 100 million. But its economic pay off may be well worth it.
Burgum: "Essentially you take one piece of property and you get a chance to sell it three times. You get revenue from the retailers, revenue from parking and revenue from residential."
The next ramp would go up at Roberts Street and 2nd Avenue, adding about 500 spaces. The city is in charge of this plan, but still no word on cost or time frame.
Bob Stein/Fargo City Senior Planner: "There will eventually be parking structures downtown, but due to the complexity of the structures and when you put in a mixed use element to it, it's a complicated process."
Burgum: "we'd love to get going. It'd be fabulous. This is a bold dream."
A dream he's hoping to start constructing in 2013. Stein says he wants construction for the Roberts Street ramp to begin in the next two years.