Translate[Archived] Question #60: Can you please provide the fiscal impact of the remaining recommendations of the 2015 Old Town Area Parking Study (OTAPS) that have not yet been implemented?
Question:
Can you please provide the fiscal impact of the remaining recommendations of the 2015 Old Town Area Parking Study (OTAPS) that have not yet been implemented? (Mayor Wilson)
Response:
The 2015 OTAPS includes 18 recommendations intended to achieve four goals:
- encourage short term visitors to park in metered areas rather than residential blocks
- encourage long term visitors to use transit and park in off-street garages and surface lots
- preserve parking on residential blocks for residents and guests
- encourage compliance at meters and in residential parking districts
Of these recommendations, 12 have yet to be fully implemented. Implementation of the outstanding recommendations may impact future budgets by generating $120,000 or more in new revenues, potential loss of $318,000 or more in existing revenue, $250,000 or more in new expenditures, and four recommendations would maintain a neutral budget (they are already built into ongoing operating expenditures). Below is a cost summary table. Refer to Attachment 1 which includes a full list of all 18 recommendations (including completed recommendations) in detail with the March 2019 progress update and explanations for current budget assumptions.
