Fourth and Church Parking Deck Agreement Restructuring
Winston-Salem
Summary
The city is getting out of its lease and operation of the aging Fourth and Church parking deck early, turning full control over to R.J. Reynolds. This deal gives the city $1 million upfront—part of which goes to Forsyth County—and saves the city hundreds of thousands in annual maintenance costs while securing public parking in a nearby lot.
At a glance
- Total mentions
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- Last 30 days
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Last discussed Apr 14, 2026.
Impact analysis
The city receives $1 million, remits $328,300 to Forsyth County, deposits $671,000 into the parking fund for downtown garage repairs, and saves roughly $300,000 annually in operating costs.
City taxpayers and downtown motorists benefit from avoided long-term maintenance liabilities and secured surface parking, while R.J. Reynolds gains complete control over its parking facilities.
Mentions & discussions (1)
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