(PRESS RELEASE FROM THE CITY OF LAKELAND)
The 836-space Heritage Parking Garage is in the final stages of construction with the project estimated to be completed January 2020. Once completed, there will be 49 regular spaces and 10 ADA accessible spaces on the first floor of the garage available to the general public during normal business hours as pay to park spaces.
These spaces are free after business hours and on weekends.
“This parking garage will support one existing and one new office building and will benefit downtown businesses, shoppers, diners and visitors.”
“This parking garage will support one existing and one new office building and will benefit downtown businesses, shoppers, diners and visitors. The dedicated public spaces will be available at an hourly rate of $1 per hour and there will be two Pay Stations on the ground level of the new parking garage. The Pay Stations (Pay-By-Plate) collect coins, dollars and credit cards or visitors can use the convenient ParkMobile app,” said City Manager Tony Delgado. “The public will also have access to free parking spaces on the first and second floor of the garage after business hours and all day on weekends.”
The Heritage Parking Garage is a unique project that has four entities paying for the garage. Each entity will retain ownership of the parking spaces, paying a pro-rated share of the construction and development costs. The City of Lakeland purchased 411 spaces, Lakeland Regional Health Systems purchased 125 spaces, MidFlorida Credit Union purchased 175 spaces and Heritage Plaza owner BKP Five LLC will have 125 spaces. The cost for the garage is approximately $11 million.