City of Brighton AgendaPacket Meeting Agenda and Supporting Documents 2026-06-23
City Enters 20-Year Lease for Downtown Parking
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Description
Brighton plans to approve a 20-year parking lot lease with the State Land Bank Authority and affiliated owners for the Hyne Street and former Fifth Third Bank lots at 300 W. North Street. The City will pay $1 per year and maintain the lots for public parking and to support Allor on Main’s parking requirements.
Contract Details
Contract Amount
$1 per year
Vendor
STATE LAND BANK AUTHORITY
Agency
City of Brighton, MI
Contract Type
FACILITIES
Document Date
June 23, 2026
Contract Term
April 1, 2026 – March 31, 2046 (20 years)
Renewal Date
2046-03-31
Renewal Info
Lease term runs from April 1, 2026, through March 31, 2046, with various early termination rights tied to development or zoning compliance; no automatic renewal is specified.
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Brighton City Council Agenda 2026-06-23
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