Quote:
Originally Posted by LMich
Sub,
I think people don't realize exactly how deep these lots on Michigan Avenue are. Almost all parking for the Avenue is on the back of the lot. I figured that if they even had a problem with parking for this project, they'd just buy up some spaces behind existing businesses.
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Aren't the lots your standard 100' deep. Glad they are sharing parking, but that's typically only easy when
1. City owned lot
2. Privately own parking garages, developed as such for generating revenue long term only. Not for example....land banking.
Basically any other sort of deal between two private parties would be a short term lease. My apartment building's lease on a floor of a shared garage for example is short in the event the owner sells and the garage is demolished and the tenants are out of luck.
It's good to hear Lansing has relaxed on-site parking requirements
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