Civic Center Parking Garage. Journal Gazette file photo
The Allen County Fort Wayne Capital Improvement Board approved borrowing up to $17 million Thursday to add two floors to the Civic Center Parking Garage – and possibly fund the purchase of three properties just west of Grand Wayne Center.
The board authorized issuing 30-year revenue bonds to be paid back through the Allen County food and beverage tax, the board's major funding stream.
In February, the board heard a presentation by the Fort Wayne Redevelopment Commission asking for financial help to expand the existing parking garage to lessen downtown's parking crunch. Officials said that would cost less than acquiring additional land and building a new structure.
The expansion will add 225 spaces to the garage's 1,013 – giving more space for patrons of Grand Wayne and other downtown attractions during the week, when about 90 percent of spaces are taken through contract parking.
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