{"id":21,"date":"2026-05-06T22:03:11","date_gmt":"2026-05-06T22:03:11","guid":{"rendered":"https:\/\/fortworthmovingnews.com\/?p=21"},"modified":"2026-05-06T22:03:11","modified_gmt":"2026-05-06T22:03:11","slug":"m-l-leddys-franklin-family-propose-14-million-investment-in-parking-garage-to-support-fort-worth-stockyards-growth","status":"publish","type":"post","link":"https:\/\/fortworthmovingnews.com\/?p=21","title":{"rendered":"M.L. Leddy\u2019s, Franklin Family Propose $14 million Investment in Parking Garage to Support Fort Worth Stockyards Growth"},"content":{"rendered":"<div>\n<div>\n<p><strong>(FORT WORTH, TEXAS)<\/strong>\u00a0\u2014 M.L. Leddy\u2019s and the Franklin family, in partnership with Parking Systems of America (PSA), have announced plans to replace an existing surface parking lot with a four and a half-story structured parking garage on\u00a0the corner of Ellis Avenue and 25<sup>th<\/sup>\u00a0Street\u00a0to meet the Stockyard\u2019s growing parking needs.<\/p>\n<p>Read more <a href=\"https:\/\/fortworthmovingnews.com\/?p=19\">Dominus Commercial Facilitates Sale of 1434 N Main Street to Alan\u2019s Lids for Experiential Retail Concept<\/a><\/p>\n<p>\u201cM.L. Leddy\u2019s and the Franklin family have been proud members of the Stockyards community for more than 85 years. As the Stockyards continue to grow, the need for thoughtfully planned parking has become increasingly important; not just for visitors and businesses, but for our surrounding neighbors as well,\u201d said M.L. Leddy\u2019s General Manager Mark Dunlap.\u00a0<\/p>\n<p>The existing surface lot adjacent to M.L. Leddy\u2019s, one of the most heavily utilized parking areas in the district, currently provides approximately 55 parking spaces. The proposed parking garage would add approximately 246 parking spaces, representing a 32 percent increase in parking availability on the west side of the Stockyards.<\/p>\n<p>While growth has strengthened the Stockyard\u2019s as a national tourist destination, it has also placed increased demand on limited surface parking resources. The garage will help reduce congestion within the district and ease parking pressure on surrounding neighborhoods, particularly those to the west that have experienced increased overflow parking.<\/p>\n<p>\u201cWe, along with Parking Systems of America, have initiated the approval process with the city of Fort Worth to build a parking structure that will complement the historic nature of the Stockyards, reduce congestion and add much needed parking capacity.\u00a0 This project represents a significant long-term investment in the district\u2019s future and reflects our continued commitment to preserving what makes the Stockyards so special, while planning responsibly for its continued growth and success,\u201d added Dunlap.<\/p>\n<p>A\u00a0<strong>2023 city of Fort Worth Stockyards Traffic Study<\/strong>\u00a0identified severe overcapacity and circulation issues in the core of the Stockyards, particularly along Ellis Avenue, Exchange Avenue, and NW 25th Street. It further recommended improving parking utilization and leveraging parking resources on the western side of the district to reduce congestion and better distribute demand.<\/p>\n<p>Most streets in the Stockyards core are operating above the desired 85 percent parking capacity resulting in:<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Double parking\u00a0 and circulation breakdown<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Safety issues (blocked visibility, lane weaving) and spillover into neighborhoods<\/p>\n<p>Read more <a href=\"https:\/\/fortworthmovingnews.com\/?p=17\">Beach Club Car Wash Opens in Crowley,Bringing a Better Kind of Car Wash to NorthTexas<\/a><\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Overcapacity on-street parking\u00a0 and visitors circling for close-in spaces<\/p>\n<p>It further identified:<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Ellis Avenue On-street parking exceeds capacity (111 percent)<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Exchange Avenue (Primary Pedestrian Spine) Parking (120 percent capacity)<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0NW 25th Street is at or above capacity (122 percent)<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0North Main Street: 160 percent parking utilization<\/p>\n<p>Design considerations are focused on compatibility with the surrounding district and contributing positively to the pedestrian experience. By consolidating parking into a structured facility, the project also supports a more walkable and cohesive environment over time.\u00a0<\/p>\n<p>Anticipated construction start is late summer 2026 following the conclusion of FIFA. A Project Open House is scheduled for Wednesday, May 13, 5 \u2013 7 p.m. at SpringHill Suites Fort Worth Historic Stockyards, 2315 North Main Street, Fort Worth, 76164.<\/p>\n<p><em>The rendering of M.L. Leddy\u2019s proposed Parking Garage, replacing a surface lot behind M.L. Leddy\u2019s\u00a0on\u00a0the corner of Ellis Avenue and 25<sup>th<\/sup>\u00a0Street\u00a0on the west side of North Main in the Stockyards.<\/em><\/p>\n<p><strong>About M.L. Leddy\u2019s and the Franklin Family<\/strong>                                                                                                                        M.L. Leddy\u2019s and the Franklin family have served the Fort Worth Stockyards community for more than 85 years, maintaining a strong commitment to the district through both retail operations and long\u2011term investment.<\/p>\n<p><strong>About Parking Systems of American (PSA)<\/strong>                                                                                                                           Parking Systems of America (PSA)\u00a0is\u00a0a North Texas-based parking management firm with more than 50 years of experience.\u00a0 A business owner and operator in the Stockyards and throughout Fort Worth, PSA operates more than 400 facilities across six states.<\/p>\n<p>Read more <a href=\"https:\/\/fortworthmovingnews.com\/?p=11\">Building a Business That Transfers Optimally: What Owners Must Work to Get Right 3\u20135 Years Before Exit<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(FORT WORTH, TEXAS)\u00a0\u2014 M.L. Leddy\u2019s and the Franklin family, in partnership with Parking Systems of America (PSA), have announced plans to replace an existing surface parking lot with a four and a half-story structured parking garage on\u00a0the corner of Ellis Avenue and 25th\u00a0Street\u00a0to meet the Stockyard\u2019s growing parking needs. Read more Dominus Commercial Facilitates Sale [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-21","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>M.L. Leddy\u2019s, Franklin Family Propose $14 million Investment in Parking Garage to Support Fort Worth Stockyards Growth - Fort Worth Moving News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fortworthmovingnews.com\/?p=21\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M.L. Leddy\u2019s, Franklin Family Propose $14 million Investment in Parking Garage to Support Fort Worth Stockyards Growth - Fort Worth Moving News\" \/>\n<meta property=\"og:description\" content=\"(FORT WORTH, TEXAS)\u00a0\u2014 M.L. Leddy\u2019s and the Franklin family, in partnership with Parking Systems of America (PSA), have announced plans to replace an existing surface parking lot with a four and a half-story structured parking garage on\u00a0the corner of Ellis Avenue and 25th\u00a0Street\u00a0to meet the Stockyard\u2019s growing parking needs. 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