5.2. SR 09-17-2007 - Laserfiche WebLink

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I El ~u~er Downtown Parking Study INTRODUCTION The purpose of this analysis is to assess both existing and future parking conditions within the Historic Downtown Elk River, Minnesota. Two new developments, currently under construction, will change the character of the downtown and stimulate revitalization. The City, being cognizant of the importance of parking in a vibrant downtown, has authorized this study. The study is comprised of three phases: (see Appendix 1 for the Scope of Services) • Phase 1 -Existing and Future Parking Conditions • Phase 2 -Parking Management and Conceptual Design Alternatives • Phase 3 -Final Report and Presentation of Study Findings METHODOLOGY -Existing and Future Conditions The methodology for the analysis of parking supply /demand consists of: • Reviewing background information and data provided by the City • Conducting occupancy, turnover, and duration surveys to determine the existing usage of the existing parking spaces • Developing parking demand ratios based upon observed occupancy and past experience of other central business districts • Estimating future demand PARKING SUPPLY The City provided background information regarding the existing inventory of spaces within the study area. Figure 1 depicts the study area and the existing supply of parking. Table 1 shows the existing supply of spaces and the calculation of effective supply It is important that a supply of parking spaces include a cushion in excess of the actual number of spaces needed to satisfy demand. The cushion of spaces allows for vacancies created by restricting facilities to designated users, misparked vehicles, spaces lost to minor construction, the dynamics of vehicles entering and exiting parking spaces, and to reduce the time needed to search September 2007 Carl Walker, Inc.