Government studies parking garage with housing and offices in downtown Oranjestad

ORANJESTAD — The government has moved into the next phase of plans for a possible modern parking garage at the intersection of John G. Emanstraat and Emmastraat, combined with residential and/or office space. The Council of Ministers approved an agreement with MGM Source – Economic Financial Investment Advisory to conduct a financial and economic feasibility study.

The concept includes a parking facility of approximately four to five floors, with an additional two to three floors for housing and/or offices. The study will assess costs, financial sustainability, operating models, financing options and the potential economic impact on downtown Oranjestad.

According to Minister Geoffrey Wever, the project forms part of the broader revitalization of the city center and is intended to improve accessibility for commercial activity, hospitality, offices, housing and public services.

MGM Source will analyze current and future parking demand, residential and commercial developments in the area and different possible project configurations. Renobacion Aruba N.V. is being considered as a possible participant in the project’s development, financing and operation.

Wever stressed that the agreement does not yet represent a final decision to build. It marks the feasibility phase, which is expected to be completed in approximately 30 days once the required information has been provided.