Columbus City Council Approves New Parking Lot Agreement

Posted: November 16, 2012 in Parking

A small city leases a parking lot and wants to pay for this and other parking related projects with bonds. Though it may seem innocuous, they could be setting themselves up for disaster; in an upcoming story, I’ll be examining how something very similar bankrupted the city of Scranton, PA of The Office fame.

What had been thought to be a done deal between the City of Columbus and R.L Edmondson has now been changed.

At the Nov. 14 special-called meeting of the Columbus City Council, council members voted 5-1 to approve a new agreement for the lease of the parking lot behind the Front Door/Back Door Restaurant. The lot, which is owned by Edmondson, has been known as “Catfish Alley parking lot.”

Columbus Chief Operations Officer David Armstrong said that he thought a deal had been worked out between the two parties, but it had changed. Attorney Scott Colom negotiated a deal between the city and Edmondson, because City Attorney Jeff Turnage had to recuse himself.

“We thought we had a deal locked in at 20 years for $180 a month,” Armstrong said.

Armstrong added that along with the $180 per month, Edmondson wants the city to pay taxes on the property, which…

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