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A Parking Structure for MSU? Issues and Discussion October 2012

A Parking Structure for MSU? Issues and Discussion October 2012. Parking Services Business Model. By statute, must be self sustaining No state funds from Legislature No tuition dollars Parking Permit fees cover cost of running program Fines set to cover enforcement and discourage abuse.

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A Parking Structure for MSU? Issues and Discussion October 2012

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  1. A Parking Structure for MSU?Issues and DiscussionOctober 2012

  2. Parking Services Business Model • By statute, must be self sustaining • No state funds from Legislature • No tuition dollars • Parking Permit fees cover cost of running program • Fines set to cover enforcement and discourage abuse

  3. Parking Structure Background • Campus Master Plan anticipates multiple parking structures around the campus core • Parking structure = more efficient land use • Informal Bozeman Chronicle survey: 75% think MSU needs a parking garage (May 2012) • 68.5% of MSU Customer Survey Respondents indicate they would pay at least $25 more per permit to support a parking garage • Cost: ~$18,000/space • A parking garage would result in more efficient land use & respond to increasing demand for more close-in, convenience parking

  4. Parking Capacity/Convenience • Adequate capacity • ~5700 permitted spaces • An average of 260 spaces are empty during peak demand (9:30-12:00) (a low of 40-60 spaces on highest demand days) • Location/convenience • Parking primarily lies outside of the pedestrian campus core • Close-in lots fill up during peak demand (9:30-12:00) • Typically have excess capacity in outer lots • Farthest lot from Montana Hall ≤ 10 minute walk

  5. Parking Structure Financials • Basic cost: $18,000/space or approximately $8.1 million for 450 spaces • 20-30 Year loan at 4% (~$466k-$592k/yr) • How to pay for a garage? • Modest increase for all permits (e.g. S/B increase ≤ $25) – expect to ramp up $8/yr for 3 years • Create Garage-specific permits – short-term (hourly) spaces, reserved spaces, general spaces • Reduce the amount borrowed (down payment from LT R&R acct?)

  6. Parking Garage Evaluation Process • Propose process to President/PEC – Aug, 2012 • Present and take input from broad campus constituencies – Fall Semester 2012 • Parking/Transportation Advisory Committee (PTAC) • ASMSU/NECO • Faculty Senate • Staff Senate • Professional Council • University Council • Residence Hall Organizations • Campus Sustainability Advisory Council • Open Forum – Campus, Neighborhoods, Businesses

  7. Parking Garage Decision Process • Decision Route • PTAC recommend to UFPB whether to pursue a parking garage • ASMSU endorsement • UFPB – Recommend to President Cruzado whether to pursue a parking garage – Spring, 2013 • IF decision = parking garage is needed/desired - Begin to Execute May 2013 • Design = 1 yr; Construct = 2 yrs • Complete ~August 2016

  8. Input/Endorsement/Rejection For input or to endorse or reject the idea of a parking structure, please email us at: ptac@montana.edu or rputzke@montana.edu or kurt.blunck@montana.edu

  9. QUESTIONS?

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