By Grant Street car park to get £3.5M refurb despite making under £25,000 a year
The Cleethorpes car park which is set to undergo a £3.5 million upgrade earns less than £25,000 a year in revenue.
Last year, North East Lincolnshire Council announced that Grant Street car park would undergo a brand new refurbishment by builing a single storey extention.
The extention would create 268 new parking spaces on top the 65 existing spots as well as 15-20 new blue badge spaces.
However, a Freedom of Information request has revealed the revenue figures between 2017 and 2021.
In the 2020/21 financial year, the car park made £20,953.68 in revenue.
The average revenue over the past five years totals up to £23,268,19.
The council has hoped that the upgrades made to the car park would increase, with the yearly earnings expected to rise to £169,000.
A large portion of this income would come from the 80-90 per cent increase in car parking demand in the area between May and September.
A spokesperon for the council said: “A single-storey extension to the existing Grant Street Car Park is expected to generate a substantially higher income than at present.
“Currently, almost half of the users park for four hours or more, a quarter of users park between two and four hours, and 11 per cent of users park for up to an hour. With the number of chargeable spaces set to increase from 65 to 339, keeping the same uptake percentages will see an increase in the income generated from the car park. This revenue will be used to pay back the funds required to build the extension.
“Bigger parking bays, electric vehicle spaces, lighting, CCTV, being part of the Park Mark Safer Parking scheme, as well as improved signage to the car park, will all be part of the overall scheme and will support in increasing its uptake.
“With a current shortage of car parking in Cleethorpes during the peak tourist season, it is vital we cater for the volume of traffic we welcome to the resort. The single-storey extension to Grant Street Car Park will relieve some of the parking pressures in existing resort car parks and side streets, and also reduce the need for visitors to drive around the resort searching for somewhere to park, therefore, reducing congestion and helping the environment.”
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