Once complete, the multi-storeyed building in Town Hall will accommodate up to 600 four-wheelers on its two floors and ease the parking space scarcity in the central business district.
The building is expected to provide parking space to people visiting not only commercial hub of D. Devaraj Urs Road and Sayyaji Rao Road, where the limited parking space is occupied by the shopkeepers themselves, but also Ashoka Road and Gandhi Square, where there is a severe paucity of parking space.
“The building can accommodate about 450 in the cellar and about 150 on another floor”, said an official of MCC.
Above the floors earmarked for parking, an open air-auditorium with a seating capacity of 1,000 is expected to come up.
Though the contract for the project that also includes landscaping and illumination of the park had been initially awarded for Rs. 17.6 crore, it was later scaled down to Rs. 16 crore. The MCC had released about Rs. 4 to Rs. 5 crore so far. The remaining Rs. 11 to Rs.12 crore is yet to be released, sources added.
Meanwhile, the MCC authorities are understood to have roped in another contractor, who will discharge the work on behalf the first one, who had originally been awarded the contract, MCC sources added.
