The city's downtown public parking system was expected to enjoy some vacancy after Devon Energy completed construction of its new headquarters and doubled the size of the former City Center West Garage. Instead, the influx of new headquarters including Continental Resources and Enogex has produced vehicles beyond the parking system's capacity.
The city recently started construction of a new 800-space garage south of City Hall and assisted in the financing of another 350-space garage at NW 10 and Broadway.
“We recognize that we need to develop additional garages downtown,” O'Connor said. “If there is an ability to finance privately, from the city's perspective, that's the preferred course of action — to let the private sector do what it can do. A garage at that location could help to serve the east end of the Central Business District and would help take pressure off of the Santa Fe Garage. And once the garage south of City Hall is open, COTPA (the Central Oklahoma Transportation and Parking Authority) hopes to move parking out of the Santa Fe Garage to create more open spaces for the public.”