The City Commission, acting as the Community Redevelopment Agency Board, voted unanimously at its May 12 meeting to spend $4.5 million for a property across Stuart Avenue from the historic structure at East Park Avenue and North First Street.
The purchase, combined with property the city already owns, will create 165 additional parking spaces, City Manager James Slaton said.
All of the parking would be open to the public and not reserved for hotel guests. The purchase helped “check the box” of added parking around the Walesbilt Hotel, Slaton said, adding that Restoration St. Louis executives were happy with the idea.