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Background: The Agency assembled the two half-blocks that were used to develop the Broadway Place mixed- <br />use project. Agency funds in the amount of $2.5 million were contributed to the parking structure <br />construction costs. The City sold development rights for housing to be constructed on top of the parking <br />structures. The Broadway Place mixed-use project includes 170 apartment units, ground floor commercial <br />space, and 740 structured parking spaces. It is a major anchor for the west-end of downtown and a popular <br />residential destination with very low vacancy rates. Availability of parking was a contributing factor to <br />Enterprise Rent-A-Car locating downtown and employing 300 people. <br />Chapter 6. The Agency will support the Broadway Place Garages by making the annual debt payments (both <br />principal and interest), which will secure the financial stability of the garages, enhance safety services, and <br />relieve the struggling Parking Fund within the City of Eugene. The support will take place starting in <br />FY2010/2011. <br />12 <br />