11-23-2015, 05:58 PM
(11-23-2015, 03:46 PM)mpd618 Wrote:(11-23-2015, 02:13 PM)ookpik Wrote: Again, the main barrier to this would be the capital costs of the facility. Who's going to put up $1M or more to test the concept?
Not sure there's much to test in the idea of a privately-owned parking garage. Sun Life could do it in partnership with a residential developer on even some of their own lands.
I've suggested in the past that Sun Life's block-sized automobile pastureparking lot would be an excellent property to redevelop, possibly in conjunction with GRH. They could put up condo apartments, office space, hospital expansion, parking, etc. by growing up (so to speak.) That might also free up GRH's existing parking garage at King and Green for demolition/redevelopment. And maybe some of the real estate on the other side of King across from Sun and GRH might be redeveloped. I could see more than a few people who work at Sun or GRH ditching their cars and moving to live in the area.