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First Ever Condo Style Parking Lot Breaking Ground Near Rt 59 Metra Station in Naperville

Naperville, IL, June 12, 2009 --( Naperville-area commuters can now purchase a private parking space in the new ‘Park Smart Club'. This new parking area is in an unbelievable location: located adjacent to the Route 59 Naperville commuter lot, it is just West of Route 59 and just South of North Aurora Road on Weston Ridge Drive (directly behind Starbucks).

Naperville and Aurora both have parking lots at the Route 59 Metra station. The problem is that there are not enough spaces available to keep up with the growing demand; there are over 550 people on a waiting list for a permit in Naperville's lot and nearly 3,000 waiting in Aurora's. The typical wait for a permit on the Naperville side is a little over two years while Aurora commuters wait about five to six years.

The parking situation at the Route 59 Metra station is not getting better, with the 5,800 passengers boarding there daily, commuters are waiting longer for a spot and looking for an alternative solution. ‘Park Smart Club' fills a vital need for the community with the addition of 167 private parking spaces on the 1.7 acres.

For the first time in the Suburbs, parking spaces are being sold condo-style. Commuters can Own a parking spot for as low as $30 per month. Yes, it's true. It's actually simple math. The average home equity line is at prime (3.25%) or less. The ‘Park Smart Club' parking space is priced at $8,900 for those who reserve their spaces during construction. The $8,900 construction value, purchased with funds from your home equity line at 3.25% interest only equals $24.10 monthly. Commuters who finance the purchase of their parking space will end up paying less; compared to about $40 or $48 per month the cities charge residents and non-residents. Financially it makes sense, it's something commuters can own and sell or lease in the future and the interest and expenses on $8,900 is less than what commuters pay the city.

‘Park Smart Club' will not be oversold. The private parking space is always available - guaranteed. The lot will have mechanical gated entry that is controlled by key cards. ‘Park Smart Club' will keep the parking lot well maintained. The association will soon have concierge services including car washes, dent repair, oil changes, etc.

The Ground Breaking Ceremony for ‘Park Smart Club' will be held on Friday, June 26th at 10:00 AM. This is the last chance for commuters to take advantage of the pre-construction value price of $8,900. After construction, the investment price will be $9,600. The parking lot will be open in July, 2009.

For more information visit the web site at

Contact Information
Park Smart Club
Ron Gabaldon

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