Laserfiche WebLink
Downtown Parking Management Plan <br />ii <br /> <br />Table of Contents <br />1.0 Study Background & Purpose ................................................................................................................. 1 <br />1.1 Stakeholder Outreach ......................................................................................................................... 1 <br />1.2 Existing Conditions .............................................................................................................................. 2 <br />1.3 Demand Analysis ................................................................................................................................. 5 <br />2.0 Downtown Parking Management Plan ................................................................................................... 7 <br />2.1 Program Goals and Guiding Principles ................................................................................................ 7 <br />2.2 Program Challenges ............................................................................................................................ 9 <br />2.3 Recommendations ............................................................................................................................ 10 <br />A. Adopt Goals and Guiding Principles................................................................................................ 10 <br />B. Refine Organizational Structure ...................................................................................................... 10 <br />C. Simplify Parking Time Stays ............................................................................................................ 11 <br />D. Update Rate Policy and Pricing ....................................................................................................... 15 <br />E. Residential Permit Parking .............................................................................................................. 20 <br />F. Employee Parking Solutions ............................................................................................................ 23 <br />G. Identify and Communicate the Parking System ............................................................................. 24 <br />H. Integrate Parking Technology ......................................................................................................... 24 <br />I. Manage Parking Fund to Solvency ................................................................................................... 26 <br />J. Encourage Transportation Demand Management (TDM) ............................................................... 27 <br />2.4 Parking Strategy Matrix .................................................................................................................... 29 <br />3.0 Parking Management Plan Costs and Revenues ................................................................................... 30 <br />3.1 Introduction ...................................................................................................................................... 30 <br />3.2 Program Costs ................................................................................................................................... 30 <br />Smart Meters versus Multi-space Meters .......................................................................................... 30 <br />Off-Street Lots with Multi-space Meters ............................................................................................ 30 <br />City Labor Costs ................................................................................................................................... 31 <br />Third-Party Parking Manager .............................................................................................................. 31 <br />3.3 Program Revenues ............................................................................................................................ 31 <br />Meter Rates & Price Escalation ........................................................................................................... 31 <br />Mobile Payments versus Credit Card Payments ................................................................................. 31 <br />Employee Permits ............................................................................................................................... 32 <br />Residential Preferred Parking Permits ................................................................................................ 32 <br />Citation Revenue ................................................................................................................................. 32 <br />3.4 10-Year Proforma Model .................................................................................................................. 32 <br />597