elements of a parking management program ostakeholder involvement ocollect and analyze parking data...
TRANSCRIPT
![Page 1: Elements of a Parking Management Program oStakeholder Involvement oCollect and Analyze Parking Data oDevelop a Parking Profile oDevelop a Parking Management](https://reader038.vdocuments.mx/reader038/viewer/2022110323/56649d765503460f94a57ab7/html5/thumbnails/1.jpg)
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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
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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
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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
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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
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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
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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
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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