Lichfield Street Carpark will remain under Christchurch City Council ownership after Councillors voted to retain the building but look at changes to the operating model to improve the facility’s financial performance.
The Council says the carpark is currently profitable, generating an operating surplus of approximately $1.5 million per year.
However, as these are not the commercial returns expected, it sought public feedback on options for the carpark’s future, including selling, at the end of last year, Council said in a statement.
“74% of those who submitted preferred the Council retain the carpark and change the operating model, while 16% preferred to sell it and use the funds elsewhere,” Council stated.
“Staff will now investigate ways to improve the performance. This could include fee changes, dynamic pricing, reviewing the balance and location of long and short-term parking and changes to the operating model.”
