# New Brunswick Parking Authority Board Meeting - 10/28/2026


**Body:** New Brunswick Today
**Date:** October 27, 2026
**Jurisdiction:** SLED

**Tags:** Construction & Infrastructure, Physical Infrastructure


The New Brunswick Parking Authority Board meeting on October 28, 2026, featured a proposed public-private redevelopment of a 1.5-acre site into a 10-story public parking garage with approximately 1,124 spaces. The board approved a resolution designating AS Mayfair LLC as redeveloper. The proposal calls for the Authority to sell the site for $3 million, with the developer financing and constructing the garage at an estimated cost of about $61 million, then leasing it to the Authority under a 30-year capital lease; at the lease’s end, the property would return to the Authority for $1. Lease terms were not yet finalized and would require board approval by March 15, 2027. Construction is scheduled to begin by June 1, 2027, with completion by September 2028. The agreement also includes a $10,000 application fee and a $15,000 escrow for Authority expenses. Public comments included concerns about the site’s use for parking rather than community amenities and questions about the lease’s operating and maintenance responsibilities.

The board also approved the October payment resolution, the audited financial report and findings, and a resolution authorizing the auction of surplus automobiles and equipment. The budget was discussed as an upcoming item, but no budget approval was identified in the transcript. The outgoing executive director announced a transition to a new director, Kevin Livingston.

**Source:** New Brunswick Today