Planning Commission Minutes 2014 07 10

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Planning Commission Meeting Minutes July 10, 2014 Page 12 of 14 "Develop an economically sustainable parking plan for Downtown Louisville that balances the parking requirements of a character rich vibrant, and evolving, business district while supporting and enhancing the livability of the adjacent neighborhoods." Staff Conclusions The following summarizes the Parking Action Committee's conclusions from the 2013 Parking Study for both Old Town and Downtown. 1) A special event parking management plan is needed to be developed to properly manage parking challenges associated with for large events; 2) Improved parking enforcement is needed to manage illegal parking in both Downtown and Old Town; 3) Old Town has an off-street parking shortage (300+ spaces). Additionally, the parking challenge is exacerbated because many Old Town residents are parking on -street rather than on their off-street spaces because it is more convenient; 4) Despite the parking shortages in Old Town, Downtown parking demand in the evenings (130 to 325 spaces) is negatively impacting the neighborhood. Additionally, if downtown's lunch time business continues to increase, it will soon also negatively impact the neighborhood; 5) A phased neighborhood parking management plan, with necessary parking enforcement, would help reduce parking conflicts in Old Town during the day. However, additional parking capacity is needed before a parking management plan can be successful in the evenings; 6) New parking supply is needed in the near -term (130 to 325 Spaces) to serve existing night- time demand. This can come in the form of evening leasing of current private parking spaces in downtown, new publically owned parking spaces. 7) 160 to 400+ additional parking spaces are needed to serve allowed future downtown development; 8) Key investments in transit, bicycle parking, and pedestrian safety improvements will contribute to lowering the parking demand downtown; 9) Changes to the downtown parking ratios are needed to more accurately accommodate the parking demand associated future development in Downtown (assuming no RTD FasTracks). The specific new parking ratios should be determined through a separate public outreach effort. Concurrently, the City should reevaluate the City's payment in lieu fee option to better reflect the true costs of providing parking spaces in Downtown in order to feasibly finance long-term parking needs. 10) The City should develop a long-term parking supply strategy for downtown. This study should examine existing resources and possible joint development opportunities to evaluate a variety of solutions which accommodate a future parking demand. These solutions should also fit within the small town character of Downtown Louisville, meet access requirements, be financially sustainable, and if necessary, ensure appropriately transitions with Old Town. REQUEST: Staff is seeking the Louisville Planning Commission recommend City Council approve a the Downtown / Old Town Parking Action Plan based on the findings of the parking study conducted during the summer of 2013 and the Downtown / Old Town Parking Action Committee conclusions and recommended action plan forwarded to the Planning Commission on June 10, 2014. Parking Action Plan The Downtown / Old Town Parking Action Committee recommends the Downtown Parking Action Plan be implemented over the next five years and is presented in four phases. Each phase shown below illustrates items in three categories: Planning and Policy; Land and Capital, Operating and Maintenance.