Debt from Vancouver’s parking program pulls nearly $1.25 million a year from the city’s general fund — and with continued downward projections on a budget that’s lost $16 million in the last two years, a consultant is helping the city figure out ways to curb those costs.
Building the garages to help lure private development was key to bringing in several downtown buildings, including VancouverCenter, Riverview Tower and the West Coast Bank, Portland-based parking demand consultant Rick Williams told the Vancouver City Council on Monday evening.
