A Binghamton parking study is moving forward.

The City has secured $50,000 from the Binghamton Metropolitan Transportation Study and will match that money to pay for the roughly $100,000 examination of the Parlor City’s parking problems.

The BMTS policy committee recently approved allocating the federal transportation funds to the project.

The next step is to get approval from Binghamton City Council then a consulting firm could be hired to do the work.

Already limited parking downtown on the street and in the three, city-owned parking garages is being further complicated by development of more student housing as well as the deterioration of those parking ramps.

Several in the business community and City government had expressed concern that a lack of parking is holding back further business development downtown.