Parking Analysis Scot Martin DESMAN Associates 7900 E. Union Avenue, Suite 925 Denver, CO 80237 www.desman.com 3037401700 Architects Engineers Planners Parking Consultants Restoration Engineers Attachment 1 Architects Engineers Planners Parking Consultants Restoration Engineers 1. Consider the installation of parking meters in the Central Downtown Area. Including: Lincoln Street, Yampa Street & Side Streets from 5 th to 10 th Estimated 580 onstreet spaces 44 block faces 4 of the 5 peer towns and cities have on street meters and the fifth one is considering meters Meters will: Discourage long term parking Increase turnover Aid in enforcement Generate revenue ON- STREET PA RK I NG SYSTEM RECOMMENDATI ONS Architects Engineers Planners Parking Consultants Restoration Engineers 2. Further explore both singlespace smart meters and multispace meters. 3. Charge a minimum hourly rate of $1.00 with 2 and 3 hour maximums as currently signed. 4. Enforce the meters Monday Saturday from 10:00 AM to 8:00 PM. 5. Set up pilot programs to test the meters prior to receiving bids. 6. Survey users of the meters. ON- STREET PA RK I NG SYSTEM RECOMMENDATI ONS Architects Engineers Planners Parking Consultants Restoration Engineers Estimated Cost $472,700 for 580 smart single space meters by IPS Group $506,000 to $594,000 for 44 multispace meters by Digital Payment Technologies Estimated FirstYear Revenue $463,585 580 spaces and 55% average occupancy Average turnover of 2.5 302 days per year $1.75 average fee Plus limited citation revenue Estimated Net Revenue (less expenses) IPS Single Space Meters $280,192 Digital MultiSpace Meters $324,919 ON- STREET PA RK I NG SYSTEM RECOMMENDATI ONS Architects Engineers Planners Parking Consultants Restoration Engineers 7. Also consider LPR for more effective and efficient enforcement of the remaining on and offstreet timelimited spaces. 8. If LPR is implemented prior to the installation of meters, it is recommended to defer on the decision on meters for a few years for adequate time to assess the effectiveness of LPR. 9. Have Genetec (AutoVu) and Tannery Creek Systems (autoChalk) demonstrate their systems to the city prior to receiving bids. ON- STREET PA RK I NG SYSTEM RECOMMENDATI ONS Architects Engineers Planners Parking Consultants Restoration Engineers 1. Maintain free parking in the public lots to encourage their use. 2. Consider converting the 2hour parking in the 8 th & Oak lot to 8 hour parking to accommodate displaced employees. OFF- STREET PA RK I NG SYSTEM RECOMMENDATI ONS Architects Engineers Planners Parking Consultants Restoration Engineers 1. Consider restriping 10 wide onstreet spaces at 90 to add 35 40 more spaces downtown. 2. Reconfigure the 8 th & Oak Lot to add 12 more spaces 3. Parking Structure PA RK I NG I MPROVEMENTS Architects Engineers Planners Parking Consultants Restoration Engineers 8 th Street Restripe and 8 th & Oak Lot Reconfiguration PA RK I NG I MPROVEMENTS Architects Engineers Planners Parking Consultants Restoration Engineers 8 th and Oak Lot Parking Structure 162 spaces (Net gain of 112) Four levels Parking efficiency of 422 sq. ft. per space Not a viable location for a mixeduse project $4.6 Million $28,395/space PA RK I NG I MPROVEMENTS PA RK I NG I MPROVEMENTS Architects Engineers Planners Parking Consultants Restoration Engineers Two sites south of Lincoln Avenue that are likely to become available are better sites for a mixeduse project with public parking: Yampa Valley Electric Associates (YVEA) Site Police Services Building at 840 Yampa Street CL OSI NG REMA RK S Thank You for this opportunity. We have enjoyed working with you!
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