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The City of Noblesville is partnering with Noblesville Premium Properties LLC to offer additional parking in downtown – and just in time for the holidays.

An agreement was approved October 29 by the Noblesville Board of Public Works for the city to lease 35 parking spaces for public use in the lot located at the southeast corner of 9th Street and Clinton Street – behind the former Key Bank building recently acquired by Darren Ratcliffe of Noblesville Premium Properties. The real estate firm also purchased several other downtown properties earlier this year.

"We appreciate the willingness of Darren and Noblesville Premium Properties to partner with the city and provide additional parking until the Levinson opens in late 2020 with its 300-space parking garage," said Noblesville Deputy Mayor Steve Cooke.

The city has made the lot free to the public for November and December 2019. Starting in January, the lot will be available to permit holders only through the Noblesville Police Department, but will be free to the public weeknights starting at 5 p.m. and during weekends.

"A successful downtown like ours requires the business community and local government working together to ensure parking is readily available, so we are happy to form this partnership in support of fellow business owners," Ratcliffe said.

Key Bank's former ATM machine was removed and new parking spaces were added for the 35 total spaces that will be leased to the city. Five other spaces within the lot will remain with Noblesville Premium Properties as they continue to refurbish the former Key Bank for future tenants. Terms of the parking lease will end on December 31, 2020 when the lot is turned back over to its owner.
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The City of Noblesville is partnering with Noblesville Premium Properties LLC to offer additional parking in downtown – and just in time for the holidays. 

An agreement was approved October 29 by the Noblesville Board of Public Works for the city to lease 35 parking spaces for public use in the lot located at the southeast corner of 9th Street and Clinton Street – behind the former Key Bank building recently acquired by Darren Ratcliffe of Noblesville Premium Properties. The real estate firm also purchased several other downtown properties earlier this year. 

“We appreciate the willingness of Darren and Noblesville Premium Properties to partner with the city and provide additional parking until the Levinson opens in late 2020 with its 300-space parking garage,” said Noblesville Deputy Mayor Steve Cooke.

The city has made the lot free to the public for November and December 2019. Starting in January, the lot will be available to permit holders only through the Noblesville Police Department, but will be free to the public weeknights starting at 5 p.m. and during weekends. 

“A successful downtown like ours requires the business community and local government working together to ensure parking is readily available, so we are happy to form this partnership in support of fellow business owners,” Ratcliffe said.

Key Bank’s former ATM machine was removed and new parking spaces were added for the 35 total spaces that will be leased to the city. Five other spaces within the lot will remain with Noblesville Premium Properties as they continue to refurbish the former Key Bank for future tenants. Terms of the parking lease will end on December 31, 2020 when the lot is turned back over to its owner.

 

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What happens to the permit parkers when the City’s agreement terminates?

How much was the total cost of the Lease?

Keeley Kalbaugh good for your patrons!

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