The residence has a closed garage and that the only alternative to parking on the street is to use the facilities valet to put it in the garage.
There is a lot of construction in the area and the valet did not recommend at all to leave the car in the street, which you have the use the city "Park and Go" parking meter system. There are kiosks around each street that allow you to purchase increment of time. Stickers that you put the upper passanger's side window. Like any city meter systems, it is not more that few hours, so you sill need to be really on top of it. They will ticket you at ALL hours of the day and night downtown austin.
It is recommended in order to safeguard the vehicle, which is $40 a night, with the ability to come and go as you please.... but you have to use the valet every time you arrive back. They have chose to do $40 because the "park and Go" system will end up costing you around the $40 per 24hrs of use. The system will also change its charging per minute by the time of day, and the events happening downtown.
I was very confused as to this $40 valet thing until I arrived and talked to the valet and front desk.