MIDLAND, TX (KWES)
A new parking garage will be built in the Tall City soon.
City officials approved a resolution at their meeting on Tuesday which will give a $4 million interest-free forgivable loan to Concho for the garage.
The money will be provided by a quarter-cent tax from the Midland Development Corporation.
Concho has agreed to lease at least 200 of the 375 parking spaces to the public.