Paras is also critical of the parking rates at the facility.

Gebhardt Development and American Family would lease up to 550 for daytime use of the ramp on Mondays through Fridays at an initial rate of $56 per stall, per month, for the first five years, increasing to $68 in years six through 10 and $84 in following years. The remaining 50 stalls would be available for hourly parking during weekdays.

During evenings and weekends, the parking utility would operate the entire structure for hourly and special event uses. A 20-year operating model estimates event parking at $5, making up $300,000 of its expected gross annual revenue of $369,600 if the garage is sold out twice per week.

“The city is funding a ramp for, and it’s structuring profit on, the music venue, and that accounts for 50 percent of its annual income from patrons from the music venue,” Paras said. “That's a big concern that the city is investing in something that relies so heavily on one development.”

At other downtown parking garages, it costs $8 maximum to park on weekends and in the evening. Special event parking is $5 and is put into effect when a large number of people will be attempting to leave a parking garage at the same time. A proposal to increase special event parking to $10 is currently making its way through city committees.