My largest problem with this project is the fact that our local government wants to build and operate a new parking garage near the "new" baseball stadium that they want to build to replace the current baseball stadium which does not need to be replaced.
The parking garage next to to City County Building lost almost a quarter of a million dollars per year from 2002 - 2005. This parking garage is leased from a private owner and operated by County employees. This parking garage is located in the best possible location downtown and it STILL loses money every year.
Imagine building a brand new parking garage. This would require us to pay off the building loan and interest on the building loan. Believe it or not our local government also wants to make a deal with Lincoln so that Lincoln can use half of the parking spaces for free during the work week...
How much do you think this new parking garage will lose?
My current guess is $500,000 per year.
Where do you think this money will come from?
It will come from all of us one way or another...