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Arch Parking Alternatives Study

Arch Parking Alternatives Study

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Arch Parking Alternatives Study
Arch Parking Alternatives Study

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Published by: nextSTL.com on Feb 18, 2013
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07/29/2013

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SUBMITTED BY:
Carl Walker, Inc.1920 S. Highland Ave., Suite 210Lombard, IL 60148 July 19, 2012
ARCH
 
PARKING
 
ALTERNATIVES
 
STUDYFINAL
 
REPORT
DRAFT 
 
 ii
Arch
 
Parking
 
Alternatives
 
Study
 
Final
 
Report
 
(DRAFT)
 
Table of Contents
INTRODUCTION .................................................................................................................................... 1
 
Introduction and Study Purpose .................................................................................................. 1
 
Approach and Scope of Services ............................................................................................... 1 PHASE 1 CURRENT PARKING CONDITIONS ASSESSMENT ............................................................ 4
 
1.0 Study Area ................................................................................................................................ 4
 
1.1 Occupancy Levels.................................................................................................................. 8
 
1.2 Operating Methodologies ................................................................................................... 11
 
1.3 Facility Appearance ............................................................................................................. 11
 
1.4 Parking Rates ......................................................................................................................... 13
 
1.5 Existing Facilities that Could Provide Off-Site Parking ..................................................... 15
 
1.6 Impacts of Future Developments on Existing Parking ..................................................... 17
 
1.7 Possible Locations for Future Parking Facilities ................................................................. 17
 
1.8 Conceptual Financial Performance for a Future Parking Facility ................................ 18
 
1.9 Summary of Phase 1 Findings and Observations ............................................................ 20 PHASE 2 – PARKING ALTERNATIVES ASSESSMENT ......................................................................... 23
 
2.0 Alternatives for Addressing the Loss of the APG .............................................................. 23
 
2.1 Alternatives for Providing Bus and RV Parking ................................................................. 36
 
2.2 Recommended Parking Strategies for the JNEM ............................................................ 41
 
2.3 Preliminary Wayfinding for Recommended Parking ....................................................... 45 PHASE 3 PARKING-RELATED FINANCIAL ASSESSMENT .............................................................. 52
 
3.0 Estimated Debt Service for the Option 1 Parking Structure ........................................... 52
 
3.1 Estimated Operating Expenses for the Option 1 Parking Structure .............................. 53
 
3.2 Estimated Parking Revenues for the Option 1 Parking Structure .................................. 54
 
3.3 Estimated 20-Year Pro Forma for the Option 1 Parking Structure ................................. 58
 
3.4 Projection of Continued Operation of the APG .............................................................. 60 APPENDIX A ....................................................................................................................................... 64
 
 
 1
Arch
 
Parking
 
Alternatives
 
Study
 
Final
 
Report
 
(DRAFT)
 
INTRODUCTION
Introduction and Study Purpose
In May 2012, Metro commissioned
Carl Walker
toprovide a parking alternatives study for the proposedimprovements of the Jefferson National ExpansionMemorial (JNEM). Proposed improvements to the JNEM include removal of the existing Arch ParkingGarage (APG) to create more green space andenhance the north gateway to the memorial, creatinga park space over the adjacent highway to provide abetter connection with the Gateway Mall and the restof downtown St. Louis, a new memorial museum, andnumerous roadway adjustments. The primary purposeof this project is to determine potential alternatives toaddress the proposed removal of the 1,143-spaceAPG located on the north side of the memorial. The principal objectives of this project are todetermine the need for replacing area visitor parking,evaluating proposed locations for replacement parking, identifying parking facilitylocations to accommodate large vehicles such as group buses and recreationalvehicles, and determine signage and wayfinding needs. The study considers broadcategories of replacement alternatives, alone or in combination, including the following:utilizing excess capacity in other existing public parking facilities, expanding other existingparking facilities, refurbishment of existing parking facilities, and constructing newfacilities.
Approach and Scope of Services
 The general approach for this study is to evaluate current parking conditions in a ½-mileradius around the JNEM, meet with primary stakeholders to review existing and futureconditions, develop potential parking alternatives, and evaluate the financial feasibilityof recommended options. The study process was divided into four phases as follows:1.
 
Current Parking Conditions Assessment2.
 
Alternatives Analysis3.
 
Financial Analysis4.
 
Final Report and PresentationPrior to the first site visit, information provided by Metro and various designatedstakeholders was reviewed by
Carl Walker
to provide a foundation for the balance of theproject. This information included a recently completed condition appraisal of the APG,background operational information for the APG, previous parking survey/study work, RVand bus utilization information, traffic planning and count information, JNEM planningdocuments, and APG financial performance data. After reviewing the informationsupplied in response to the initial request for information, a week-long site visit was

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