PGDC Investments in Parking Infrastructure Improvements
From its inception through 2020, the PGDC has commited over $9.82 million to improve parking conditions and provide parking infrastructure in the Town of Plymouth. PGDC initiatives have expanded the supply of public parking spaces in Plymouth by hundreds of parking spaces, and the PGDC continues to explore ways to acquire or build additional parking spaces that are financially feasible and located in areas of high demand.
$5.9 million S. Russell Street Parking Deck. In coordination with the Town of Plymouth, the PGDC funded the design and construction of a 149-space, 2-level parking deck on S. Russell Street adjacent to Town Hall. The PGDC paid approximately half of this amount in cash, and the rest will be paid by the PGDC over nearly 30 years as principle and interest on a Town bond.
$2.35 million 4 North Street Parking Lot and Building. In 2020, the PGDC purchased the 4 North Street property and has a 10-year mortgage commitment on the property. Since the existing Brewster Street parking lot is part of this property, the purchase preserves all the spaces in this lot as public parking and thereby adds all 72 spaces on this property to the supply of public parking in downtown Plymouth. The PGDC purchased the property for $2.35 million (in 2020, the PGDC made cash down-payment and purchase settlement payments totaling $678,000 plus cash payments of another $102,000 for purchase related expenses, initial improvements, and mortgage/tax payments). The non-profit tourism organization See Plymouth is currently leasing offices at the south end of the building, and the PGDC is making preparations to modify and lease additional portions of the building.
$620,000 MBTA Lot Purchase (Water 4 Lot). Purchased a 140-space surface parking lot from the MBTA located on Lothrop Street - constructed a new access drive from Lothrop Street onto the lot -- purchased and installed 2 multi-space pay stations -- installed 8 solar powered light poles and fixtures for security and safety.
$415,000 Plymouth Transportation & Visitors Center. Funded engineering/financial feasibility and design plans, in concert with GATRA, for new multi-modal Plymouth Transportation and Visitors Center located on the site of the existing Memorial Hall lot that included a 400-space parking garage, bus/bike transit center, and retail shops on Water Street.
$215,000 Main Street Extension Parking Garage. Funded engineering/financial feasibility and design plans for a 220-space, 5-level public parking garage to be located on the site of the existing Main Street Extension parking lot.
$140,000 Water 1 Lot Improvements. Added 10 parking spaces and improved drainage and lighting in the Water 1 parking lot by 225 Water Street; contributed $100,000 to a Department of Marine and Environmental Affairs project to remediate contaminated soil under the parking lot and bring the lot into compliance with the Massachusetts Contingency Plan.
$85,000 Middle Street Lot Improvements. Designed and completed upgrades to the Middle Street parking lot (dumpster enclosure, reconfiguration of spaces, seal coating the lot, landscaping and security cameras).
$62,000 Free Lots on Water Street & Brewster Lot Leases. Annual lease of 80 parking spaces in 3 private parking lots (@6 years) -- two surface lots on Water Street near Nelson Park and the Brewster Street parking lot by Santander Bank.
$20,000 Bus Lot Improvements. Modified the Bus Only Lot on Water Street to add 35 parking spaces along with 9 bus parking slots.
$6,000 Morton School Parking. Installed fence at the Nathaniel Morton Elementary School so that 60 parking spaces could be made available to the public during non-school hours.
Items will be added after they are incurred