City Council Agenda and Packet 2009 03 10 Joint Meeting

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• Pedestrian access for bus parking does not conflict with traffic circulation (but is one block away) • Maximizes area available for pedestrian plaza in front of transit station • Takes advantage of shared parking opportunities at the ballfield complex for remote parking for commuter rail patrons • May make private sector parking structure (with premium reserved parking) financially feasible Cons • Bus parking removes retail parking in front of retail space • Increases likelihood of cruising retail parking lots and adjacent neighborhoods to find available parking spaces; would require effective parking management plan • Requires acquisition of the westerly 1/3 of Tebo property. • For west bound drop-off, buses would come in from Short Street and leave on South Street, where there is no signal. Northbound buses would need to make an un-signalized left turn onto Highway 42 • Most users have to cross Highway 42 • Requires costly improvements for pedestrian access across Highway 42 ($500,000 to $4 million) • Requires the acquisition of two parcels totaling about 3 acres (about $650,000 if priced at $5.00/SF) from two property owners • Use of parking for other than ball fields may require consent of Lafayette and Boulder County • May not provide sufficient convenient parking to satisfy demand Option 3: Provides a total of about 400 parking spaces (the middle of projected parking demand in 2015) with about 80 located directly adjacent to the transit station and the remaining 320 spaces located one to two blocks east of the station. This option extends Cannon Street from north to south, and constructs Short Street to Highway 42. This option would require acquisition of about 5.4 acres owned by two property owners in two parcels. Pros • Users would not have to cross Highway 42 • No additional funds would be needed for pedestrian access improvements on Highway 42 • Pedestrian access for bus parking does not conflict with traffic circulation. • Maximizes area available for pedestrian plaza in front of transit station • Provides opportunities for private/public partnership on the construction of a parking structure Cons • Uses about 5.4 acres for parking instead of more desirable retail, commercial and residential uses • Bus parking removes retail parking in front of retail space.