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The city of Georgetown plans to construct a second downtown parking garage near East Ninth and South Main streets in a collaboration with the Texas Municipal League Intergovernmental Risk Pool.
Officials with the city and TML discussed the details of their partnership at a May 26 City Council workshop.
What’s happening
TML will lead the design, permitting and construction of the garage, as well as pay for a portion of the project, Assistant City Manager Nick Woolery said at the meeting.
The partnership will allow TML, which is moving its headquarters from Austin to downtown Georgetown, to provide additional parking for employees during the week. During evenings, weekends and holidays, those spaces will be available for public use.
TML plans to fund five-sevenths of the cost of 200 parking spaces, with the city paying the remaining cost through Georgetown Transportation Enhancement Corporation sales tax funds, Woolery said. The project will also include ground-floor retail spaces, which the city will either lease or sell to businesses.
The overall design will result in 448 new parking spaces. About 30% of spaces are designated as oversized stalls specifically designed to accommodate larger trucks and SUVs.
Digging deeper
Full construction is anticipated to begin in 2027, ahead of an early 2029 opening. The project will replace 134 existing parking spaces in the current lot, Woolery said.
The city recently opened its first downtown parking garage in November 2025, which added 315 parking spaces to the area.
The first parking garage was planned as a part of the city’s 2024 downtown master plan, according to previous Community Impact reporting. That plan recommends removing 71 of the 120 on-street parking spots from the square in order to expand business activity onto sidewalks and allow for more pedestrian traffic.
In case you missed it
TML and its intergovernmental risk pool decided to move its headquarters to 205 E. University Ave., Georgetown—the former Wesleyan building—in October 2025. TML Risk Pool plans to renovate the site into the Texas Municipal Center, with flexible office space and technology upgrades.
