Biddeford Innovation Inc. – Urban Core Mobility Project

Biddeford, ME

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In September of 2019 the Biddeford City Council Voted to enter into a Joint Development Agreement with Treadwell Franklin Infrastructure Capital (TFIC), Amber Infrastructure (Amber) and James. W. Sewall Company (Sewall) to:

  • Create and establish Biddeford Innovation, Inc.
  • Provide up to $3 million to complete the next phases of the RiverWalk/pedestrian improvements.
  • Design, build, finance, operate and maintain a parking garage on the 3 Lincoln Street property, and to manage the surface parking lots within the downtown area.

On August 11th, 2020 the city and it’s partners broke ground on a 640-space parking garage. The garage will support parking needs for development of the Biddeford’s Mill District, including the future mixed-use development planned for the 3 Lincoln Street site as well as the Lincoln Mill and Riverdam Mill redevelopment projects already underway.

Project FAQ’s

  • 640-space parking garage built on the 3 Lincoln Street property.
  • Completion of RiverWalk/pedestrian connections and provision of funding, up to $3 million.
  • Proveds a long-term viable, safe and reliable solution to parking congestion issues in Biddeford, supporting local businesses, tourism and the community.
  • Allows the City to work with a private firm with expertise in parking to develop and operate the parking garage while maintaining control over decision making.
  • Provides for economic upside to remain with the City.
  • Certainty of timing and completion of the parking structure and RiverWalk.
  • No/minimal impact on City bonding capacity.
  • Facilitates continued Mill District and downtown development.

Biddeford Innovation Inc. In The News

Biddeford mulls 640-space downtown parking garage, and a parking outsourcer

City Council approves Biddeford Parking Garage project

Biddeford breaks ground on RiverWalk parking garage

 

Additional Project Resources

Downtown Parking Garage Project Information