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Friday, June 14, 2024

City looking to increase downtown Ocala parking spaces, revenue with new meters

City officials are looking to appropriate funds for three new parking meter pay stations and 46 new paid public parking spaces in downtown Ocala.

The resolution to appropriate the funds will be voted on as part of the city’s consent agenda during the Ocala City Council’s regular meeting on Tuesday, June 4 at City Hall (110 SE Watula Avenue).

According to city records, approximately $20,525 will be appropriated to purchase three MacKay Tango meter pay stations for downtown parking.

The city says the initial lots that will use the pay stations will be Lot 7, which is located on the northwest corner of SW Broadway Street and SW First Avenue, and the parking lot at the Marion Theatre, which is located at 50 S Magnolia Avenue.

According to the city, the conversion of Lot 7 to a “paid public lot” at the “current parking rates” could generate an “estimated revenue of $21,060,” assuming a 50% capacity. Currently, the estimated annual revenue for that lot is $8,640, according to the city.

The third pay station will “fulfill the need of redundancy and act as backup equipment,” according to city records.

Installation of the pay stations will add 46 parking spaces to the public parking inventory to the downtown area, Monday through Friday, from 8 a.m. to 5 p.m.

MacKay is the current meter provider for the city of Ocala. The new pay stations will be ADA compliant and will accept payment by coin, card, tap-to-pay, and app payments, according to the city.