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SUBJECT: DOWNTOWN PARKING DISCUSSION <br />DATE: AUGUST 8, 2016 <br />PAGE2OF5 <br />The following summarizes the staff's conclusions from the 2013 Parking Study for both <br />Old Town and Downtown. <br />1) A special event parking management plan is needed to properly manage parking <br />challenges associated with large events downtown; <br />2) Improved parking enforcement is needed to manage illegal parking in both <br />Downtown and Old Town; <br />3) Old Town has an off-street parking shortage (300+ spaces). The parking <br />challenge is exacerbated because many Old Town residents are parking on - <br />street rather than on their off-street spaces because it is more convenient; <br />4) Downtown's parking shortage in the evenings (130 to 325 spaces) is negatively <br />impacting the neighborhood; <br />5) If downtown's lunch time business continues to increase, it may create additional <br />parking shortages during the day and could further impact Old Town; <br />6) A phased neighborhood parking permit program, with associated improved <br />parking enforcement, would help reduce parking conflicts in Old Town during the <br />day and not negatively impact Downtown. <br />7) New parking supply is needed in the near-term (130 to 325 Spaces) to serve <br />existing night-time demand. New parking spaces can come in the form of public <br />evening leases of current private parking spaces in downtown, converting <br />underperforming private parking areas to permanent public parking, and creating <br />new publically owned parking spaces. <br />8) Additional parking capacity (130 to 325 spaces) is needed downtown before a <br />neighborhood permit program in Old Town can be successful in the evenings; <br />9) 160 to 400+ additional public parking spaces are needed to serve the allowed <br />future "build -out" of downtown (161,000 sf) as defined in Sec. 17.12.060 of the <br />Louisville Municipal Code; <br />10)Key investments in transit, bicycle parking, and pedestrian safety improvements <br />will contribute to lowering the parking demand downtown; <br />11)The City should develop a long-term parking supply implementation strategy for <br />downtown. This study should examine if potential changes to current downtown <br />parking ratios and payment in lieu fee option are needed (assuming no RTD <br />FasTracks). The study should specifically examine existing public resources <br />appropriate for parking structures, as well as possible joint development <br />opportunities to finance a variety of long-term public parking solutions necessary <br />LOUISVILLE REVITALIZATION COMMISSION <br />8 <br />