Metro considering $65M commuter parking garage in Missouri City to boost regional access
Under the proposal, which the Metropolitan Transit Authority board is scheduled to discuss Thursday, the agency would ink a deal with New Quest, developer of the Fort Bend Town Center, for a parking garage for Metro’s exclusive use. The garage, built as part of phase three of the commercial development at Texas 6 and the Fort Bend Tollway, would replace the current park and ride location that shares parking in the lot of the current shopping center, anchored by a Kroger grocery.
The agreement would include two leases, one for the land and the other for the parking garage built on it. Metro would pay for operations, maintenance and upkeep of the site.Metro would have two choices for making the payments: annually pay to lease the ground and pay to lease the structure; or pay yearly to lease the ground and make a single lump sum payment for the garage. A one-time payment would mean Metro paying $51.
A single payment also would allow Metro to seek grants, namely federal funds, to defray up to 80 percent of the cost. Already, U.S. Rep. Al Green, D-Houston, who represents the Missouri City area, has secured $5 million as part of local community funding authorized by Congress.New Park & Ride location at Fort Bend Town Center“I think if he is willing to do that, we should take a long look at it,” Metro board member Don Elder said of the funding from Green.
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