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LCity„r <br />Louisville <br />COLORADO •SINCE 1878 <br />BRaD Committee <br />Downtown Parking <br />Discussion <br />August 1, 2016 <br />Downtown Parking <br />• Downtown <br />— 252 On Street <br />— 200 City Off Street <br />• Old Town <br />—1089 On Street <br />Downtown Parking <br />Cit <br />L `s <br />/Louisville <br />LCity,, <br />Louisville <br />LOIi +A EN)•,INC Iti <br />Downtown needs significant parking supply to <br />address the current and future parking supply <br />shortfall. <br />The recent community citizen survey noted <br />parking availability in downtown was topic of <br />interest, <br />Downtown Parking <br />8/23/2016 <br />LLouisville <br />COLORADO•SINCE 1878 <br />The Planning Department conducted a parking study in <br />2013 <br />— developed a parking action plan for Council consideration in <br />August 2014. <br />Main Conclusions related to parking supply: <br />— Old Town has an off-street parking shortage (300+ spaces). <br />— Downtown's parking shortage in the evenings (130 to 325 <br />spaces) is negatively impacting the neighborhood; <br />— New parking supply is needed in the near-term (130 to 325 <br />Spaces) to serve existing night-time demand. <br />— Additional parking capacity (130 to 325 spaces) is needed <br />downtown before a neighborhood permit program in Old Town <br />can be successful in the evenings; <br />— 160 to 400+ additional public parking spaces are needed to <br />serve the allowed future "build -out" of downtown (161,000 sf ) <br />Cityt,, <br />Downtown Parking Louisville <br />0,14'HA: D. +1',t l ti <br />Since the parking study and action plan in 2014, <br />the City has made several investments to <br />acquire and develop parking. They are: <br />• Entered into an evening use lease with Koko <br />Plaza for 45 spaces. <br />• Purchased .638 acres in the DELO area to <br />accommodate 70 new parking spaces. <br />• Entered into a contract to purchase a 25 space <br />parking lot from the Blue Parrot Restaurant. <br />- <br />`! City,/ <br />Downtown Parking Louisville <br />COLORADO • SINCE 1878 <br />Parking Supply Needs: <br />• 300 new spaces to accommodate Old Town <br />neighborhood shortages, <br />• 130-325 new spaces to accommodate the <br />current Downtown parking shortage, and <br />• 160 - 400 spaces to accommodate full - <br />buildout of the downtown area. <br />1 <br />