‘To give back,’ bank in Olde Town opens parking lot to public

Lot at 7510 Grandview Ave. will provide free parking outside business hours

Posted 6/26/19

After the G Line opening last April, senior vice president Larry Costello and his coworkers at Community Banks of Colorado noticed more visitors were frequenting Olde Town than ever before — and …

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‘To give back,’ bank in Olde Town opens parking lot to public

Lot at 7510 Grandview Ave. will provide free parking outside business hours

Posted

After the G Line opening last April, senior vice president Larry Costello and his coworkers at Community Banks of Colorado noticed more visitors were frequenting Olde Town than ever before — and filling parking spaces in the process.

Hoping to ease the burden on visitors, the bank announced it has opened its parking lot to the public. Starting this month, visitors to Olde Town can park their cars in the lot at 7510 Grandview Ave. outside of the bank’s operating hours.

“The fact that they’ve opened it up is definitely a benefit for the visitors, especially because the location is so central to the heart of Olde Town,” said Joe Hengstler, executive director of the Business Improvement District.

The shift makes the lot the second privately owned lot in Olde Town to provide free public parking, he said. The first one is at Olde Wadsworth Boulevard and Ralston Road.

“There are about 15 to 20 spaces in our lot,” Costello said. “We’ll be updating the signage that’s there now within the next month.”

The policy change comes at a time when the city itself has been seeking ways to address limited parking in Olde Town. Since the G Line opening, the city has monitored parking in the Olde Town Hub, the transit station and garage at 7510 Grandview Ave. This has required vehicles to go through a free registration process for data purposes, said city communications manager Ben Irwin.

The bank’s decision to open its parking lot will provide additional support to the community, Irwin said.

In the past, there have been many instances when the bank has had illegally parked vehicles towed to make room for clients, Costello said. Bank employees expect the change will eliminate much of that situation, he said.

Costello also hopes the new policy will work to further connect the bank and the community. The bank had the same goal in mind, he said, when it painted the words “Olde Town” on one of the parking lot walls months ago.

“We’re very proud of the location, so we wanted to highlight that,” he said. “We’re a part of the community and we really want to give back.”

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