2018-02-01 / Letters

Resident not buying parking garage deal

To the editor:

The Biddeford city manager stated during a city council workshop on Jan. 16 that the cost of a parking garage will be paid for by parking revenues, not by property tax payers. It was also stated that the garage would be good for 40 to 50 years, if it was well maintained. The present cost of a parking space in Biddeford is $40 per month.

With that said, it will take more than 62 years (at maximum occupancy) to pay for a $12 million, 400-space parking structure/garage, that has a life expectancy of 40 to 50 years, not including the maintenance costs and the high interest cost of a revenue bond.

Why am I not feeling positive about this?

Lionel Beaudoin Biddeford

Return to top