Planning Commission Minutes 2014 04 10

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Planning Commission Meeting Minutes April; 10, 2014 Page 27of 37 parking we need downtown if you look at the LMC or the Institute of Transportation Engineer Standards. We have other standards in the City so that is why we are presenting it to you. We have the Commercial Design Standards and Guidelines which demonstrate Louisville’s Downtown is short 900 parking spaces. You can see $13 million dollars if we surface park it and $20 million if we structure park it. Building our way out of this is not necessarily the answer. If we use the Downtown Parking Standard, we have a surplus of parking spaces of 557 spaces. If we use the Mixed Use Design Guidelines that are used in the redevelopment district, we have a surplus of 128 parking spaces. The answer doesn’t lie in supply. There isa component to itof which ratio makes the most sense. Thereis also the question of“is it publicly owned or privately owned?” OWNERSHIP: The next diagram is ownership. In more suburban environments, we have private parking spaces. Each use has its own space. That is whywe see a lot of empty parking spaces in McCaslin. The movie theater really doesn’t sell tickets in the morning, so it is empty.Office users don’t use parking spaces at night. If they were publicly owned, they could share it. You can start to see how a low parking ratio in Downtown with lots of public ownership can actually have lower numbers and be successful where McCaslinneeds to have higher numbers in it. In Downtown, we have about 42% of our total parking spaces public. In Old Town, we have 67% of parking spaces public. Those are low and high ratios. Old Town has a high ratio of public spaces, Downtown has a low ratioof public spaces. You can see how our low parking ratios of Downtown of 1 for 500 feet or 2 per 1000 is a very low standard and it doesn’t necessarily work if we have a lot of private ownership. If we had a lot of public ownership, it is a very different debate and the ratio might work. You can see how the policies are not working together. CHOICE: The last one is choice. What is our parking supply? Is it off-street or is it a parking structure? What is our parking supply?We want more diversity.252 parking spaces on-street and 809 off-street in Old Town and you can start to see the ratio of diversity of parking choices. It is a fairly good balance of total mix. Staff’s interpretation of our policy is we are all over the board. We don’t have a consistent policy. We need to have ownership and ratios aligned to work better together. MANAGEMENT: The next way to look at it isthat is not just a supply question, it is reallya“how do we manage our resources.” If you look at our policies on management, they are very suburban in their management. We have the parking ratio which is related to our slide. We have a very low parking ratio per square foot of 500, but we have parking duration of 2 hours. We have alow payment in lieu of a surface parking lot so when you look at land and construction, it is about $5000 per space. If you look at a structure, we are looking at about $22,000 per space, and that’s if it is a standard build. If it’s custom built, it is in the $30,000 per space. It getsvery expensive. We have a payment in lieu of in our ordinance of $3600, so it is not in alignment with our parking supply nor the cost of parking. We have no neighborhood parking policies. We have no parking standards downtown in our Downtown Handbook.We have no premium transit. We had itpromised to us and now, it is not even coming until 2050 in terms of rail. You can have low parking ratios if people are being delivered by bike or more importantly by premium transit. Now that premium transit notbeing delivered until