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Smart Growth Strategies and Techniques for Parking

Smart Growth Strategies and Techniques for Parking. Wednesday, February 25, 2004 Jeff Ordway, BART. Overview. Need For Parking - Transit Perspective TOD Implications & Current Solutions Potential Solutions. Need For Parking - Transit Perspective.

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Smart Growth Strategies and Techniques for Parking

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  1. Smart Growth Strategies and Techniques for Parking Wednesday, February 25, 2004 Jeff Ordway, BART

  2. Overview Need For Parking - Transit Perspective TOD Implications & Current Solutions Potential Solutions

  3. Need For Parking - Transit Perspective • BART Policy & Local Direction Related to Development on BART Property = 1:1 • BART Service Improvements • 300,000 to 500,000 riders per day • San Jose Extension • Core System Impacts - Parking • Access Improvement Objectives

  4. TOD Implications & Current Solutions • Financial Implications to Developer • Current Solutions • Fruitvale - Grants = rent credit; cost increases • Pleasant Hill - County revenue needs; JPA • Walnut Creek - Privatization • Ashby - Purchase BART improvements • West Oakland - IFA; charge for parking

  5. Potential Solutions • Corridor Analysis Needed • Station Area Planning w/Developer & Local Jurisdictions • All Players at the Table - Policy changes • Innovative Parking - stacked, automated • Grant Funds - Infrastructure • BIDs - Bonding against Revenues • Developer Tax Credits

  6. Potential Solutions - Continued • Enlarge Development Area - JPA • Increases Physical Flexibility • Increases Market Flexibility • Increases Opportunity for Public Improvements • Joint Venture Opportunities • Shared Parking Opportunities

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