Future of Parking TodayNew Jersey Future March

10, 2017

Jim Zullo, AICP, CAPP

Smart Growth – Requires Structured Parking

• Necessary to achieve density• A CRITICAL economic factor• How much parking is the

question?Cost • $60 - $65 / SF for structured

parking• $20K - $25K / space• Operating cost - $400- $500 /

space /year• $150-$175 / month per space• Debt service, operating cost,

capital reserve

Parking Planning Strategies for Smart Growth

• Right Size!• Apply appropriate parking ratios• Apply Parking Maximums vs. Minimums• Share Parking to greatest extent• Maximize on-street parking• Reduce demand - shared car / bike services • Apply market rate parking fees / Unbundle

parking costs• Use high standard parking design and planning• Integrate with other uses• Make it sustainable • Identify creative partnerships and financing• Manage parking as a system• Use Technology - convenience

Parking Today

• Pay by cell• Credit card enabled

meters• Parking guidance

systems• Parking Apps• Dynamic rate

changing• Sensors to locate

open spaces and direct enforcement

• Mobile Apps to find, reserve/ pay for parking

• The Internet of Things

Parking Technology

Best Applications• Constrained sites / Infill • High density / urban • High Land value!

Considerations• Throughput requirements• Redundancy / Operating costs• Problems / Slow adaption / Problems

o Hoboken - $1M in repairso Brickell House Miami – Closedo Maryland Garage - Closed

Automated Parking

“Road to Robotic Parking Is Littered With Faulty Projects”

By Frances Robles NOV. 27, 2015

Source: The Parking Professional, January, 2017

Ditching Drivers

Source: Boston Consulting Group, Rendering courtesy of Arrowstreet Inc.

Conventional Garage Accommodating Autonomous Vehicles Garage

Source: Boston Consulting Group, Rendering courtesy of Arrowstreet Inc.

Autonomous Vehicles Garage

The Future of Parking

“ Parking has been a key determinant of human life since at lease the 7th century B.C.”

“Twenty seven Hundred Years Later, the pivot of urbanity and civilization at the approach of the twenty-first century is still, as it turns, parking.”

Edge City, Joel Garreau – Published in 1991

The Future of Parking