Elements of a Parking Management Program

o Stakeholder Involvement

o Collect and Analyze Parking Data

o Develop a Parking Profile

o Develop a Parking Management Plan

o Implementation and Monitoring

Stakeholder Involvement

Incorporate Feedback into Planning Process

Engage Community

• Attend group meetings

• Outreach interviews

• Public workshops

• Intercept & Mail-out Surveys

Identify Interests

• Developers/ Property Owners

• Businesses•Employers/Merchants•Employee

• Residents

• Visitors

CollectingParking Information

o On & Off-Street Parking Inventory

− Public vs. private

− Time restrictions

− Parking Fees

o Hourly Occupancy Data

− Weekday vs. weekend

− Duration and turnover

o Land Use Data

− For use in parking model

o Other Transportation Data

AnalyzingParking Information

o Parking Demand Model

− Estimates parking rates

− Predicts future need

o Supply vs. Demand Comparison

− Identify imbalances

− Optimize distributions

o Financial Model

− Capital program development model

− Program cash flow model

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Cinema Core - On Street

Cinema Core - Off Street Total

Cinema Core Private - Offstreet

Cinema Core Public - Offstreet

COSTS OF 2 PARKING STRUCTURES ITEM BASIS AMOUNT ($) A-1. CONSTRUCTION COSTS 100.0% $21,450,000 (1,300 spaces x $16,500/space) A-2. LAND (45,000 SF x $80/SF) NA $3,600,000 B. DESIGN/CONSTR. MGT./CONTINGENCY 22.0% $5,511,000

of land & constr.

FINANCING COSTS C. Underwriter's Discount 1.5% $321,750 D. Reserves 7.5% $1,608,750 E. Capitalized Interest 5.0% $1,072,500 F. Other Financing Costs 2.5% $536,250 OFF-SETTING FUNDING SOURCES G. LESS Construction Fund Interest Earnings 4.0% -$858,000 H. LESS Capitalized Interest Income 0.3% -$64,350 I. LESS Debt Service Reserve Investment Income 0.6% -$128,700

J. LESS Parking Fund Balance Available for NA -$7,500,000

Parking Structure Constr. TOTAL - Approx. Bond Issue Amount $25,549,200

Develop a Parking Profile

o Identify Peaks

− Weekday / Weekend

− Midday / Evening

o Examine Use Patterns

− Short term (visitors)

− Long term (employees)

− Residential Spillover

− Enforcement

− Utilization balance− On street / Off street

− Public / private

Develop a Parking Management Plan

o Experiences of other cities guide policy choices

− Best Practices

− Existing Bay Area Policies

o Select policies appropriate to your city’s profile

o Refine policies based on local conditions and stakeholder feedback

Parking Parking Management Management

Plan Plan

Best Best PracticesPractices

Stakeholder Stakeholder FeedbackFeedback

SelectSelectPoliciesPolicies

Parking Parking ProfileProfile

Implementation and Monitoring

Monitor Changes− Gather data

before new policies

− Phase in changes gradually

− Consider the area’s demography, economics, growth, and other unique factors

Revise Policies− Make subsequent

policy adjustments based on these observations

− Continue monitoring to evaluate revisions