The 105th Avenue district and its parking structure
Where it standsThe council approved a term sheet, tax abatements and bond sales for a $15 million west parking structure by 4-3 votes in spring 2026; repayment sources are set by the council each year.
What's on the tableWhich revenue sources repay the parking structure debt each year, and how much city support the rest of the redevelopment district receives.
- City staff put the budget for the west parking structure at $15 million, with estimated annual debt service of about $1.2 million. City Council minutes, Apr 6, 2026 · Apr 6, 2026
- Staff said revenue from the district had been exhausted for existing and proposed debt, and that the annual repayment source would be decided each year through the budget process. City Council minutes, Apr 6, 2026 · Apr 6, 2026
- City Manager Erik Thorvig said excess district revenues would be the first repayment source, followed by utility franchise fees. City Council minutes, Apr 6, 2026 · Apr 6, 2026
- The council approved the term sheet for the structure 4-3, with Ford, Larson and Newland opposed. City Council minutes, Mar 2, 2026 · Mar 2, 2026