Half of the parking lot will remain as free parking. The easternmost four rows of parking, about 102 spaces, are owned by the city of Denton. That area is known as Williams Square. The westernmost four rows of parking were previously owned by Wells Fargo and served as employee parking during business hours. Drivers took advantage of the empty lot during evening hours to park for free near Williams square.
“Jack Bell, a local investor and developer, recently bought the bank building and the parking lot, which has 106 spaces. Bell says he’s got to recover those parking spaces for new tenants. The building has been partially empty for years.” Signs have been posted at the lots entrance to announce plans for paid parking beginning next year. That date is most like going to be pushed back to February in order to complete the project. “Motorists will need to use ParkMobile to pay the parking fee.” This app was selected because it is used at the public lots at the University of North Texas.
This is not the first paid parking lot located downtown. “A one-block lot at Mulberry and Elm streets has offered paid public parking for many years.” Most parking lots downtown are private, and drivers risk being towed if they park there. “In addition to free street parking, and the spaces in Williams Square, there are 788 other parking spaces in free public lots downtown.”