Paid on-street parking will pop up at Grandview Yard in the spring.
Grandview Heights has selected SP Plus to manage parking at the Yard, including street and garage parking, enforcing restrictions and collecting revenue from parking meters, said Patrik Bowman, director of administration/economic development.
The company will be paid $1,000 per month, plus expenses, with its fees taken out of the parking-meter revenue, Bowman said.
About 273 parking meters are expected to be installed in the commercial areas of the Yard, including Yard Street, Burr Avenue and First Avenue, he said.
Once the management agreement with SP Plus is signed, the city will post a request for proposals for the parking meters themselves, Bowman said.
"I'd expect them to be installed and operating by the end of April," he said.
An ordinance to establish a parking-management district approved last year by Grandview Heights City Council states metered parking would be enforced between 8 a.m. and 10 p.m. Monday through Saturday and that rates for on-street parking could not exceed $2 per hour.
"We would be looking to have the time restrictions and parking fees be similar to what's established in other parking districts in central Ohio, like the Arena District, downtown and (the Columbus portion of) Grandview Avenue," Bowman said. "The idea is that people wouldn't find one district much different than any other."
SP Plus has estimated the parking meters at Grandview Yard could generate about $600,000 in annual revenue, Bowman said.
After SP Plus is paid, the remaining profits will be used to maintain public spaces in the Yard, including parking garages, streets and the community park on First Avenue, Bowman said.
The intention to establish paid parking in portions of the Yard was included in the development agreement for the project between the city and Nationwide Realty Investors, he said.
"The idea is to encourage long-term parking in the garages and short-term parkers to use the on-street metered spaces," Bowman said.
"You want to be able to have the garages available for all-day parkers and get people coming in to shop or have lunch -- the short-term users -- get in and out using the on-street parking," council President Greta Kearns said.
Once a parking garage now under construction is completed, there will be about 4,800 spaces available in parking structures at the Yard, Bowman said.
"Some of those spaces have time limits on them and it will be SP Plus' job to enforce those time limits," he said
The city also considered presentations from LAZ Parking and Republic Parking before selecting SP Plus, Bowman said.
"We had excellent proposals from all three firms," he said. "SP Plus not only had the technical know-how but also demonstrated a good economy of scale and the ability to share resources between the different clientele."
The Chicago-based company has a central Ohio office in downtown Columbus.
Council is expected to pass legislation to approve the contract with SP Plus and set up a Grandview Yard parking fund during its Feb. 5 meeting, Kearns said.