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F.]k' <br />iZivcr <br />Downtown Parking Study <br />A common perception exists that the municipal lots located north of Highway 10 <br />are not convenient, and crossing the highway can be dangerous at times. Table <br />8 presents a similar calculation of the amount of development that can be <br />supported if the lots north of Highway 10 are not considered as part of the <br />supply. The resulting reduced municipal supply could support approximately <br />6,500 S.F. of additional development. <br />Table 8 <br />Parking Available for Future Development <br />Not Including Lots North of Highway 10 <br />Municipal Lots -Approximate Existing Vacancy -Observed <br />King Avenue Lot 73 <br />On-Street Spaces 60 <br />Subtotal -Available Spaces 133 <br />Bluffs and Jackson Place <br />Estimated "Public" Demand 104 <br />(Commercial and Residential Visitors) <br />Remaining Spaces Available 29 <br />Effective Supply Factor 90% <br />Effective Spaces Available 26 <br />Assumed Demand Ratio 4.00 / 1,000 S.F. of Development <br />Anticipated Surplus Supports Approximately 6,500 S.F. Additional Development <br />September 2007 Carl Walker, Inc. <br />16 <br />