The Board of City Directors has resolved the tangled parking problem in the Old Pasadena development district by approving parking credits, with the burden of paying for some 1,350 new parking slots falling largely on private developers.
The decision Monday eliminates a major stumbling block to the redevelopment of the historic 70-acre site, which will eventually include a state building, a 2,000-seat movie theater, restaurants and shops. Developers were unable to proceed with rehabilitation plans without meeting the parking requirements of the city's zoning code.
Many of the buildings in the nine-block area, across the Atcheson, Topeka and Santa Fe Railroad tracks from the Pasadena Center, are on the National Register of Historic Places. The city expects the redevelopment project to generate $90 million in sales-tax revenues over the next 30 years, according to Bill Reynolds, Pasadena's director of development.
Monday's vote was 4 to 1. Mayor John Crowley, who felt that developers should pay a greater share of the costs of building two parking garages, abstained. Board member Rick Cole voted no. One member, Jess Hughston, was absent.
