Planning Commission Agenda and Packet 2009 11 12

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Scenario Current Ratio (1:400) Maximum Observed Ratio (1:532) Average Observed Ratio (1:662) Downtown Build Out to Current LMC requirement (354,000 SF) 992 746 600 Maximum Downtown build out to Framework Plan Requirement (1,021,974 SF) 2,555 1,920 1,544 Downtown Doubles in size (673,958 SF) 1,685 1,267 1,010 parking spaces would be required to serve the existing residential and commercial development in the downtown core area. There are currently 892 parking spaces in the downtown core area. 9. The current cap on Downtown development limits the amount of parking that will be needed to serve the area. The Louisville Municipal Code imposes a limit of 354,000 square feet of development in the Downtown area. This cap excludes the square footage of buildings owned by the city. At present, there is 294,043 square feet of development in the downtown area when city owned buildings are excluded from the total. Approximately 60,000 square feet of development could be added to the downtown area before the cap on square footage is met. These totals do not include projects which have been through the planning process but have not been constructed. 10. There is room to add square footage in the downtown area without having to add a great deal of parking spaces. If the downtown core area were to be built out to the maximum square footage established in the LMC of 354,000 square feet (with an additional 43,000 SF of city owned buildings), 992 parking spaces would be needed to meet the current requirement of 1 space per 400 square feet of development. In this scenario, 746 parking spaces would be needed to meet the maximum observed parking demand of 1 space per 532 square feet of development. If the maximum square footage cap imposed in the LMC was removed, and every property in the downtown CC zone district built out to its maximum potential under the current zoning, the maximum amount of development that could be located in the CC zone district would be 1,021,974 square feet. This amount of development would require 2,555 parking spaces under the current parking ratio of 1 space per 400 square feet of development and 1,920 parking spaces under the maximum observed parking demand of 1 space per 532 square feet of development. If the Downtown area were to double in size to contain 673,958 square feet of development, 1,685 parking spaces would be required to meet the current parking ratio of 1 space per 400 square feet and 1,267 parking spaces would be required to meet the maximum observed parking ratio. There are currently 892 parking spaces in the downtown core area. Table 5: Build Out Scenarios and Parking *There are currently 892 parking spaces downtown.