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Transportation Engineering
Lecture 3
Parking Structures and Economics
Parking Structures and Economics
General
Parking is a secondary activity, as people only
park in order to do something else, like shop or
work.
Owners tend to focus on well designed,
aesthetically pleasing and functional buildings
and often overlook the parking area.
However, the (off-street) parking lot is the first
and last part of a facility to be used by
customers, employees, residents, etc.
Parking Structures and Economics (Cont’d)
General (Cont’d)
By creating the first and last impression of the
shopping mall, office or other facility, it can
have a significant impact on the welcome and
other aspects of the atmosphere conveyed to
the user.
An under-designed pavement in a parking
area is susceptible to significant maintenance
problems and a shortened service life.
Parking Structures and Economics (Cont’d)
General (Cont’d)
Cracking, potholes and depressions in the
pavement, as well as frequent flooding and
ponding water are examples of the conditions
that can result from poor design and/or
construction.
Further, parking lots that are not secured, or
unkempt, can also discourage use not only of
the parking lot, but also the facility it was
intended to service.
Parking Structures and Economics (Cont’d)
General (Cont’d)
Design considerations for a parking lot should
include:
•zoning legislation or approving agency
requirements for off-street parking
•aesthetics
•safety (for motorists and pedestrians)
•optimum use of the available parking space
•low maintenance costs
•environmental compatibility (e.g. minimize the
amount of impervious surfaces and provide
adequate drainage)
Parking Structures and Economics (Cont’d)
General (Cont’d)
•convenience
•topography (preferably flat)
•use of a rectangular area where possible
•ease of modification for any changes in use
•traffic flow in and out of the lot as well as
circulation inside the parking area
•lighting
•pavement markings/signage
•structural design
Parking Structures and Economics (Cont’d)
stall
aisle
OUT
OUT
IN
OUT IN
1- Way Circulation
OUT
IN
OUT IN
2- Way Circulation
Parking Structures and Economics Cont’d)
Multi-Storey Car Parks
These may be classified as ramped or
mechanical.
Ramped
Ramped multi-storey car parks usually involve
customer self-parking. Valet parking is also
provided at certain facilities like hotels.
The ramps provide access to the parking stalls
and generally these car parks, which are also
called split-level car parks, comprise flat floors
linked by short ramps of maximum 7% slope.
Parking Structures and Economics Cont’d)
Single –
Threaded
Helix
Parking Structures and Economics (Cont’d)
Double –
Threaded
Helix
Parking Structures and Economics Cont’d)
Example:
$10,000 to be paid in three (3) years time,
annual interest rate, net of inflation, of 5% :
PV = 10,000/(1.05)3
= 8,638
As above with revenue of $12,000 (parking
fees, etc.):
NPV = (12,000-10,000)/(1.05)3
= 1,728