Parking meters to circle St. Armands

Editor & Publisher

Sarasota City Commission is ready to embark once again on the installation of parking meters.

In a narrow 3-2 vote last week, the Sarasota City Commission decided it will spend almost $400,000 to fund parking meters on St. Armands Circle.

The City is currently building a parking garage in the lot behind Columbia Restaurant which is due to open early in 2019.

The City says the meters will be installed by the end of this year, and the meters and garage will come online at the same time.

The lynch pin of the City Commission’s funding plan is predicated on assumptions in revenue generated by the garage and meters. The City will collect a portion of the cost of the garage and meters from businesses and the majority of the revenue to pay the bonds that were issued to build the garage will come from the revenue assumptions.

Much of the debate and the cause for Commission Hagen Brody and Commissioner Shelli Freeland Eddie to vote against the meter funding is they question the revenue assumptions. If the revenue assumptions fall short the cost for the $12 million plus parking garage will fall on the taxpayers.

The City has estimated it will charge about $1.50 per hour to park on the circle, $1 per hour along the perimeter spaces, and $ .50 per hour to park in the garage. The hours for paid parking are proposed to be 9 a.m. to 8 p.m. Monday through Friday.

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1 Response for “Parking meters to circle St. Armands”

  1. Sunny Gravy says:

    Breakfast before 9:00AM and dinner after 9PM will be the order of the day during weekdays. The Clothing and gift stores will see a tremendous drop in business as tourists and locals alike will deviate to free parking at the Malls.

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