Developers who build in Squamish will be charged more for paying cash in place of parking.
At a meeting on July 6, council amended the ‘payment in lieu of off-street parking’ bylaw.
The district has now increased the cost from $15,000 to $25,000 per parking stall.
The payment-in-lieu-of-parking bylaw was first adopted on February 6, 2018, and it established per parking stall payment at $15,000.
In March last year, the council accepted a Downtown Parkade Study, and asked staff to pursue the option of increasing the per stall fees initially to $25,000.
The district is finally aiming for a per stall rate of $65,000. The district will also be exploring pay parking downtown this year.
In 2022, the staff will also work on scoping and engaging the community on a pay parking program, and plan to refresh data on parking utilization study.
Any study should be done on Sunday when all the vehicles are at prayer on the streets