[MissoulaGov] Parking Kiosks

[Geoff Badenoch]

There are too many variables in the cost of developing a parking facility to
nail down a figure that exactly.  Is land included?  Each space must have a
way to get to it with a car.  That is called circulation and varies with the
size and configuration of the structure.  Internal utilities-lighting,
water, security cameras, fire suppression, ventilation, etc. all have costs
that vary with each structure.  Architectural detail to dress up the
structure can vary depending how important aesthetics are to the community.
Most professionals use a range that these days is generally between $24K and
$32K per space.

 

Typically financing of municipal parking structures is done through use of
cash reserves of the parking authority, revenue bonds (fees for parking
retire the debt), or tax increment financing, or a combination of those
methods.  Some exploration of use of what are known as "new market tax
credits" for a potential new structure in Missoula has been done, but I
don't believe any conclusions have been arrived at with regard to whether it
is a feasible or appropriate method.  Oftentimes, municipal parking can be
developed in conjunction with private partners, but it is very complicated.

 

Our Missoula Parking Commission has been a good partner to transit and made
several significant cash contributions of parking revenues to subsidize
public transportation as a means of what is called "parking demand
management." PDM is the philosophy that follows what Jordan was talking
about-reducing the demand for parking by giving people an alternative means
(not cars) to get to Downtown.  Are there other ways to devote parking
revenues (as opposed to tax supported payments) to transit?  Probably, but
it is all part of a development of a long-range strategy to accommodating
people's travel to and from Downtown.  

 

-----Original Message-----
From: Patrick Nooney [mailto:pnooney at earthlink.net] 
Sent: Thursday, December 17, 2009 9:52 PM
To: 'Jordan Hess'
Cc: 'Geoff Badenoch'; 'Sally Brown'; 'Brent Campbell';
missoulagov at cmslists.com
Subject: RE: [MissoulaGov] Parking Kiosks

 

Okay.  You are saying, conservatively at 72 square feet per vehicle, a
parking structure costs $694.44 per square foot.  Or five times the price of
a new or remodeled house.  Cool.  Perhaps I should convert my property to
parking.

 

One thing about your numbers, though.  ASUM spends $0.65 per ride.  And the
rider spends ????.  As I understand it, a rider spends $1.00 to $1.50 or
something.  So the real cost is $2.15?

 

Or are you suggesting that the taxpayer of Missoula, some of whom had a
skyrocketed increase in taxes, should subsidize more ridership?  If that is
the case, then my premise of requiring a larger population to afford the
transit system needed to countermand the greater demand for parking is
justified.  I, for one taxpayer, can't afford another increase in taxes to
satisfy socialist whims.

 

 

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