FMR opposes proposed riverfront parking ramp

by Colleen O'Connor Toberman

The proposed Federal Reserve Bank parking ramp would provide 800 parking stalls in a historic area adjacent to the Mississippi River.

FMR has submitted a letter of opposition to a proposed Federal Reserve Bank parking ramp along West River Parkway in the North Loop neighborhood of Minneapolis. The project site is just across the parkway from the Mississippi River and is currently a surface parking lot. This site is within two historic districts: the St. Anthony Falls Historic District and the Warehouse Historic District. The proposed ramp would have 800 vehicle stalls, primarily for use by Federal Reserve employees.

We have a few primary concerns about the proposed parking ramp project:

  • Constructing a new 800-vehicle parking ramp contradicts the city’s environmental goals.
  • The proposed ramp design detracts from both the natural and historic character of a vibrant riverfront neighborhood.
  • A parking ramp is not the highest and best use of riverfront land. It does not promote a connection to the river, active transportation, or respect for the historic significance of the Mississippi River and its surroundings. 

FMR's full letter is available here

Update 7/9/19:

The Minneapolis Planning Commission voted to deny the Federal Reserve's project application at its July 8 meeting. It's anticipated that the Federal Reserve will appeal this decision to the Minneapolis City Council; a date for the council's review has not yet been set.