The city is set to issue a request for proposals (RFP) for the sale of nine city-owned parking ramps this month, a move designed to see whether selling the ramps could generate extra cash for the city.
The City Council overwhelmingly supported plans to explore the sale of nine city-owned parking ramps at its April 14 meeting. The Council adopted criteria for the potential sales and then authorized a request for proposals. Only Councilmember Ralph Remington (10th Ward) voted against the proposal.
Remington said he hasn't seen the rationale that justifies looking into selling the ramps, especially after the city just hired a new company to manage the ramps. That company was supposed to work on marketing and maintaining the ramps better, he said.
“I find it curious that now we're looking at selling ramps off,” Remington said. “I'm not saying that I couldn't be persuaded at some point, but I just haven't seen the evidence to persuade me.”
The idea behind the plan is to examine whether selling the ramps while real estate prices Downtown are hitting record highs could generate extra cash for the city. The city will issue the request for proposals in May, and parties interested in certain ramps may submit a proposal for individual ramps. Councilmembers will examine each proposal to determine whether the offer makes it worthwhile to sell the ramp, said City Council President Barb Johnson. The deadline for proposals will be in August or September of this year, and the Council is tentatively scheduled to take action one way or another in October.
The nine ramps identified for sale are:
– Federal Courthouse ramp at 333 3rd Ave. S.
– Centre Village ramp at 700 5th Ave. S.
– Mill Quarter ramp at 711 2nd St. S.
– Riverfront ramp at 212 9th Ave. S.
– Downtown East ramp at 425 Park Ave. S.
– St. Anthony Main ramp at 210 2nd Ave. SE
– Loring ramp at 1330 Nicollet Mall
– Gateway ramp at 400 S. 3rd St.
– Seven Corners ramp at 1504 Washington Ave. S.