Georgetown breaks ground on new parking garage bringing 300+ spaces downtown

GEORGETOWN, Texas (KXAN) -- The City of Georgetown broke ground Tuesday on a new parking garage that is set to bring more than 300 new parking spaces to the downtown area.

The city said the garage was recommended in the 2015 Downtown Parking Study and that it addressed the need for downtown parking in a convenient location. It would also help reduce the number of visitors parking on neighborhood streets.

“We’re thrilled to be breaking ground on this much-needed parking garage for downtown,” Mayor Josh Schroeder said. “This garage helps us address some of our parking challenges downtown and will ensure Georgetown remains a vibrant and welcoming destination for years to come."

A city release said City Council approved a construction contract with Swinerton Builders after a competitive-bid process. WGI of Frisco is the design engineer for the garage.

The 315-space garage, located at 315 Main Street, is expected to cost $19.8 million and be completed by September 2025, according to the city. The project is funded by the American Rescue Plan Act, certificates of obligation bonds, and the Downtown Tax Increment Reinvestment Zone.

The city said it obtained the property through a public-private partnership land swap in 2022.