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Board of Commissioners Authorize 501 Main Parking Mitigation Plan

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COVINGTON, KY – On Tuesday evening, the Covington Board of Commissioners authorized the 501 Main Parking Mitigation Plan. The plan was developed in an effort to accommodate parking throughout the duration of the 501 Main development construction period and to help alleviate parking issues experienced in MainStrasse.

While the demolition of the existing 501 Main building may start sooner, the garage construction and parking lot impacts will not occur prior to August 11, 2017.  Once garage construction begins, approximately 84 public parking spaces will be impacted.

In an effort to mitigate the loss of these spaces during construction, the City has developed the 501 Main Parking Mitigation Plan, including the following parking options:

Weekday/Daytime Parking Plan

# Spaces

1. Encourage employees to park on the east side of Philadelphia between Fifth Street and Sixth Street.

15

2. Encourage employees and business owners to park along the railroad in the House of Orange lot.

17

3. Make Seventh Street one-way from Main Street to Philadelphia Street

24

4. Make Eighth Street one-way from Philadelphia Street to Main Street

25

 

Evening/Weekend Parking Plan

# Spaces

1. Make Seventh Street one-way from Main Street to Philadelphia Street

24

2. Make Eighth Street one-way from Philadelphia Street to Main Street

25

3. Designs Direct lot ($5 on Friday 6 p.m. to 12 a.m. and Saturday 5 p.m. to 12 a.m.)

42

4. Encourage employees and owners to park in the IRS lot

28+

5. City/Flaherty and Collins to subsidize valet to allow $3 fee instead of $5 lot, lot will be open to the general public for free as well.

300

 

In researching various parking options, the City developed the parking plan based on feedback it received from Covington businesses and residents. Additionally, the City conducted a public meeting to gain further input.

The 501 Main Parking Mitigation Plan will be in effect throughout the duration of the construction period. Once completed, a permanent parking plan will be implemented for the MainStrasse neighborhood.

In October 2016, the City hired the firm Carl Walker Parking Consultants to conduct a parking study that included the MainStrasse neighborhood. The results from the study will be finalized within the next few weeks. Once the study is finalized, the City will begin the process of designing a permanent parking plan for the MainStrasse neighborhood. A Residential Parking program is being considered as a part of the final plan.

Signage will be installed to help direct visitors to available parking lots and to the valet stand.  Printed material will also be developed for the businesses to hand out to their patrons. 

To view maps of the parking mitigation plan, please click here.

The 501 Main project is a high-end, residential development including 187 one- and two-bedroom units along with commercial space on the ground floor, and a parking garage.