Grand Parade car park questions
Plans to turn Grand Parade into a multi-level underground car park have had a mixed response from people living in the area.
A number of pensioners living in the Alameda Estate have contacted the Chronicle after seeing the charges involved.
The developer Rand Developments Ltd has distributed a questionnaire seeking a response from residents following its negotiations with Government for the redevelopment of the Parade. The principal terms have been agreed and the park will consist of three levels including lock up garages and parking spaces for purchase or rent.
The prices would be £60 to £85 a month for unallocated parking, £100 to £140 for reserved monthly parking, £25,000 to £29,000 for a leasehold lock-up and £12,500 to £17,500 for a leasehold space.
An affected pensioner told the Chronicle that this was asking him to pay more for a parking than his actual rent. He was concerned to know if residents have first priority and also whether these might not end up being purchased as investments.
From The Gibraltar Chronicle - The Independent Daily First Published 1801
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