FY25 Proposed Budget
2024 2028 thru
Capital Improvement Plan 2024-2028 City of Iowa City, Iowa
TRANSPORTATION SERVI
Department
Contact Darian Nagle-Gamm
One Phase
Type
T3026
Project #
20 years
Useful Life
Project Name Tower Place Drainage Modifications
Parking Operations
Category
GRANTEE NONE
PLAN None
Efficiency Improvement (3)
Priority
MATCH % NONE
TIF DISTRICT None
Active
Status
Total Project Cost: $1,050,000
Description This project will modify the existing drainage pipe network and divert storm water from the upper decks to the exterior of the structure rather than routing it through the lower level.
Justification The lower level of Tower Place Parking Ramp repeatedly floods during high intensity rain events causing significant property damage. Several spaces in the lower level are closed to prevent future property damage until this project is completed. These vehicles are utilizing visitor parking spaces in the upper levels of the ramp resulting in loss revenue.
Prior
Expenditures
Total
2024
2025
2026
2027
2028
PLANNING/DESIGN
160,000
160,000
50,000
CONSTRUCTION
640,000
640,000
Total
INSPECTION
50,000
50,000
ADMINISTRATION
25,000
25,000
50,000
CONTINGENCY
100,000
100,000
185,000
815,000
1,000,000
Total
Prior
Funding Sources
Total
2024
2025
2026
2027
2028
PARKING FUND
185,000
815,000
1,000,000
50,000
185,000
815,000
1,000,000
Total
Total
Budget Impact/Other Twelve revenue generating spaces in the upper levels of the Tower Place Parking Ramp are currently being used for this relocation. The revenue impact is $12,000 annually in addition to less available parking to accommodate visitor parking.
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