LAYTON -- Excess parking space at a local home improvement store may be developed into new commercial space, if city leaders approve a change in the formula used to mandate how much parking space is required for a local box store.
The potential parking formula change, outlined by Economic Development Director Bill Wright during a recent city work session, could allow a new development in the northeast corner of the Lowe's parking lot, located on Antelope Drive. City leaders are expected to hold a public hearing on the issue at the council's Aug. 1 meeting.
Wright showed a layout where the parking spot was developed into a 6,800 square foot structure, with dedicated parking for the business or businesses, around the site.
If the city council approves the new parking formula, he said landowners would look for a potential parcel split in the city's Aug. 15 meeting.
He said officials from Lowe's have been working on the issue for some time.
The Lowe's parking lot currently contains 474 parking stalls, based on a formula where two spaces are required per square feet of floor space, also space is tied to outdoor space.
Lowe's contracted with a traffic engineer to track use of the parking lot and found at its peak the lot had as many as 330 vehicles. In most cases almost half of the parking lot was vacant.
The new parking formula would leave 236 parking stalls for Lowe's with 34 stalls for any news businesses located in the parking lot. The planning commission has already reviewed and approved the change in parking guidelines.