Flower Mound is changing the way it regulates parking in an effort to reduce oversized parking lots, support small businesses and create more green space.
The Town Council unanimously approved amendments to its Land Development Regulations at its regular meeting Monday, allowing developers to use shared parking agreements based on when neighboring businesses experience peak demand.
Under the new ordinance, businesses with different operating hours — such as office buildings and restaurants or gyms — can share parking spaces rather than each providing enough parking to meet peak demand independently. Office parking is typically busiest during the day, while restaurants and fitness centers see the most activity in the evening…