City set to raise prices at Winthrop Square garage
By Bruce Mohl, Globe Staff | April 6, 2007
Time is running out on the best garage parking deal in Boston.
City officials yesterday said they plan to raise the parking rates at the Winthrop Square garage when they take over its management on June 30, the day the current operator's lease expires.
The one bright spot: Rates will rise, but probably not to market levels for downtown garages, which currently run $10 to $20 an hour and $30 to $33 for a full day. The full-day rate at many downtown garages starts after as little as 80 minutes.
Winthrop Square, currently charges $4.15 for two hours, $1.60 for the third hour, and 85 cents for each additional hour.
"Rates will be reasonable and sensitive to the public that uses that garage," said Susan Elsbree, a spokeswoman for the Boston Redevelopment Authority. She said the decision on rates will be made in the next several weeks.
The parking garage property is where Mayor Thomas M. Menino wants to see Boston's tallest building built. The BRA has tentatively designated businessman Steve Belkin's Trans National Properties as developer. Belkin has proposed a 1,000-foot tower.
In the meantime, Elsbree said, the BRA intends to acquire the Winthrop Square property from the city and hire a garage operator to manage it. She said the city will retain all parking revenue from the garage until the site's developer pays for the property and begins construction.
The Boston Finance Commission, a watchdog group, has been prodding the city to increase revenue from the garage. The city failed to do that with another parking site it unloaded, Haywood Place on Washington Street. Under terms of the city's deal, Haywood Place can keep all parking revenue since July 1, 2005. Yet the site has not been developed.
Jeff Conley, executive director of the commission, estimated the current operator at Winthrop Square takes in $2.5 million a year while paying the city only $76,875.
Conley said higher rates could boost revenue to as much as $3 million a year.
Bruce Mohl can be reached at
mohl@globe.com.
? Copyright 2007 Globe Newspaper Company.