Planning Commission Minutes 2014 04 10

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Planning Commission Meeting Minutes April; 10, 2014 Page 26of 37 light of how Staff has heard it from both the business community and the residents as well as best practices around the country. POLICY PROFILE: This is specifically oriented to parking policies. There is a range of solutions and no silver bullet. This is about the environment you want to create. If you think of the top of the diagram as McCaslin, a much more commercial oriented vehicle related environment and the bottom of this policy profile as Downtown, they are both viable commercial districts, but they are vastly different in how we handle parking. One is not right because there are a number of variables that look at it. For example, if you are setting up your audio on the stereo, you try to make them consistent and you can set it however you want. From a policy prospective, you want them aligned. You want every policy to work with one another rather than have them all over the place. Thatis the yellow line. Whatever you choose as a city and as the City of Louisville, do you want a character-oriented community or a parking-oriented community that you see out at McCaslin. It is a choice of various policies and infrastructure. You need tobe in alignment in those decisions. As you go forward, what I want to do is present how we see the City today. We don’t see the City’s policies in alignment. PARKING SUPPLY: On the first diagram, you see parking supply.The first diagram shows the actual parking supply and the number of parking spaces in Downtown and in Old Town. I always get the question of how many parking spaces do we need? If depends on the standard that you review. What I am presenting to you is Downtown in this first column and Old Town and the surrounding neighborhood of Downtown in the third column. This is the total supply of development. The first line is the total amount of development of 315,000 SF of development in Downtown. We have 15 residential units as Downtown.In Old Town, we have 60,000 SF ofcommercial and institutional with churches included in that square footage, and 327 units. Old Town is being defined as Caledonia to the north, Grant to the west, Parkview to the south, and Highway 42 and railroad to the east.Miner’s Field is not included in it. Louisville Plaza is. That is the total amount of square footage. Then we have the total parking supply. We have 1300 total street parking spaces in Downtown, 250 of which are on-street, 1000 are off-street.In Old Town, we have 2700 parking spaces, about 1000 on-street and 1600 off-street. So then how much do we need? If we looked at the Louisville Municipal Code and its parking ratios, we are pretty much in the Instituteof Transportation Engineer Standardsin very conventional parking numbers, and suburban based numbers are in the Louisville Municipal Code. It says Downtown is short 725 parking spaces based on that ratio. The IT parking code would not create the Downtown environment. If we look at OldTown based on the Louisville Municipal Code, not only is Downtown short 725 spaces but Old Town is short 368 spaces. There is not enough parking out there. A lot of the homes were builtwith no driveway or a garage. The house is sitting and relying on on-street parking. If we did a new supply for that deficit, we surface parked that deficit. In Downtown, it would cost the City $10.8 million dollars. We have a $15 million dollar capital improvement program over five years. It would wipe out the next five years in our parkingsupply if we just wanted to accommodate the parking number. If we decided to put it in a parking structure, itwould be $16 million dollars. Looking at our five year capital improvement program, itis not a realistic solution. Just to get Old Town to the parking standard that is in the Municipal Code, we need $5.5 million to combine those two. That is how much