5.3.E. SR 05-14-2007 - Laserfiche WebLink

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I. PROJECT UNDERSTANDING The two new redevelopment projects currently under construction, The Bluffs of Elk River and Jackson Place, will significantly change downtown Elk River. In addition, the expansion of the Bank of Elk River building is increasing the vitality of the downtown. The Rivers Edge Commons Park, also currently under construction, will enhance the downtown environment for both visitors and downtown residents. These developments will energize downtown, increase number of downtown residents, draw people downtown for events, and add retail and commercial businesses to the mix. The increased activity level downtown will also increase and change the demand for parking spaces. "-y'lf"ff "~"".~ i ~#>\ ,: ..~,~J Currently the existing supply of spaces is a combination of privately controlled surface lots, city controlled lots and on-street parking spaces. The new redevelopments described above both include below grade parking, presumably intended to serve the residential units. The city has established time limits on the parking spaces and now sells parking permits that allow downtown employees to park all day in designated spaces. Some of the city lots, providing long-term parking, located north of the railroad tracks are perceived as being inconvenient. This proposal is for a study of parking in downtown Elk River so that the parking system is able to satisfy the existing and future demand for parking spaces. The scope of services is divided into three phases. The first phase is a supply/demand analysis. The second phase is management and alternatives analysis. The third phase summarizes and consolidates the study results into a final report. The process includes defining the existing demand for spaces, estimating the future demand, obtaining input from stakeholders in downtown parking, and developing alternative solutions to satisfy the future demand.