Bute’s drivers will be able to park free of charge for 60 minutes at the pay-and-display car park in the centre of Rothesay once a new development in the area is complete.
Income from parking charges at the Guildford Square facility could fall by around 50 per cent once the new property at 15-19 Montague Street, which includes a ground floor retail unit and two floors of flats above, is completed, a new report forecasts.
Members of Argyll and Bute Council’s Bute and Cowal area committee will consider a report on the subject when they meet in Dunoon on June 3.
A new ticket machine, to be installed when the development is complete, will issue tickets for one hour’s free parking and will accept money from drivers wishing to park for longer spells.
A ‘no return within two hours’ rule is proposed to prevent abuse of the facility.
The report, which states that the current machine is nearing the end of its life, estimates that a replacement will cost £4,000 to supply and install, and that lost revenue as a result of the change could amount to between six and seven thousand pounds.
The additional cost of having parking attendants monitor the new arrangement for abuse is estimated at around £1,200 a year.
“The reduced revenue from car park charges based on current income equates to 44-52 per cent,” the report states.
“The increased enforcement and maintenance costs are best estimates, and true cost will only be available once the development is completed.”