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HomeMy WebLinkAboutDowntown Parking Study ReportCITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 0. DOWNTOWN PARKING STUDY CITY OF OSHKOSH OSHKOSH, WISCONSIN Prepared for: DEPARTMENT OF COMMUNITY DEVELOPMENT PLANNING SERVICES DIVISION DECEMBER 23, 2015 PROJECT NO. 21-4111.00 6602 E 75th St., Suite 210 Indianapolis IN 46250 Philip J. Baron Parking Consultant IIII Cell: 317.417.4040 E-mail: Philip.Baron@walkerparking.com TITLE OF REPORT PROJECT NAME PROJECT LOCATION Prepared for: CLIENT DATE DOWNTOWN PARKING STUDY CITY OF OSHKOSH OSHKOSH, WISCONSIN Prepared for: DEPARTMENT OF COMMUNITY DEVELOPMENT PLANNING SERVICES DIVISION DECEMBER 23, 2015 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 TABLE OF CONTENTS EXECUTIVE SUMMARY ............................................................................................................................................... i-xiv Project Approach ..................................................................................................................................................... i Stakeholder Engagement Process and Feedback ........................................................................................... ii Summary of Stakeholder Feedback ..................................................................................................................... iii Study Area ................................................................................................................................................................ iv Current Parking Conditions ................................................................................................................................... iv Public Parking Locations ......................................................................................................................................... v Current Parking Adequacy ................................................................................................................................... vi Future Parking Conditions ..................................................................................................................................... vii Future Parking Adequacy.....................................................................................................................................viii Conclusions and Recommendations ................................................................................................................. xiii INTRODUCTION ................................................................................................................................................................ 1 Project Understanding............................................................................................................................................. 1 Scope of Services ..................................................................................................................................................... 2 Study Area ................................................................................................................................................................. 2 STAKEHOLDER ENGAGEMENT ....................................................................................................................................... 4 Summary of Stakeholder Feedback ..................................................................................................................... 4 CURRENT PARKING CONDITIONS.................................................................................................................................. 7 Parking Inventory ...................................................................................................................................................... 7 Effective Parking Supply .......................................................................................................................................... 8 Parking Occupancy ................................................................................................................................................ 9 Parking Adequacy ................................................................................................................................................. 16 Zone Analysis ........................................................................................................................................................... 17 Conclusions ............................................................................................................................................................. 18 FUTURE PARKING CONDITIONS ................................................................................................................................... 19 Organic Market Growth........................................................................................................................................ 20 Historic Washington Building (105 Washington Avenue) ................................................................................ 20 Conclusions ............................................................................................................................................................. 21 First National Bank Building (404 North Main Street) ........................................................................................ 22 First National Bank Building Parking Requirements .......................................................................................... 24 Conclusions ............................................................................................................................................................. 24 Kline Building (217 North Main Street)................................................................................................................. 25 Conclusions ............................................................................................................................................................. 26 Daily Northwestern Building (224 State Street) ................................................................................................. 26 Conclusions ............................................................................................................................................................. 28 City Center Building (334 City Center) ............................................................................................................... 28 Conclusion ............................................................................................................................................................... 32 Oshkosh Convention Center (2 North Main Street) ......................................................................................... 32 Conclusion ............................................................................................................................................................... 34 Best Western Riverside Hotel (1 North Main Street) .......................................................................................... 35 POLICIES, PRACTICES AND OPPORTUNITIES FOR IMPROVEMENT .......................................................................... 46 1. Demand Management ................................................................................................................................. 46 2. Branding And Sign Package Program ........................................................................................................ 48 3. Parking Enforcement ..................................................................................................................................... 49 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 4. Parking Planning .............................................................................................................................................. 50 5. Technology ....................................................................................................................................................... 52 ALTERNATIVE ANALYSIS [WORK IN PROGRESS] ......................................................................................................... 56 Proposed Parking Ramp Sites .............................................................................................................................. 56 FINANCIAL CONSIDERATIONS ..................................................................................................................................... 58 Parking Utility Fund ................................................................................................................................................. 58 Sources and Uses of Funds ................................................................................................................................... 59 Opportunities to Improve Financial Performance of Parking Utility Fund ................................................... 59 Paid Parking System ............................................................................................................................................... 59 Conceptual Estimate of Probable Cost............................................................................................................. 65 Operating Cost ....................................................................................................................................................... 65 Breakeven Pricing ................................................................................................................................................. 66 Annual Debt Service .............................................................................................................................................. 66 Structural Repair Budget ....................................................................................................................................... 67 STATEMENT OF LIMITING CONDITIONS ....................................................................................................................... 68 List of Exhibits Exhibit 1: Study Area .......................................................................................................................................................................... 3 Exhibit 2: Summary of Stakeholder Feedback .............................................................................................................................. 5 Exhibit 3: Parking Supply Allocation ................................................................................................................................................ 7 Exhibit 4: Effective Parking Supply ................................................................................................................................................... 8 Exhibit 5: Parking Supply Adequacy ............................................................................................................................................... 9 Exhibit 6: Weekday Parking Conditions - 10:00 am .................................................................................................................... 10 Exhibit 7: Weekday Parking Conditions - 12:00 pm .................................................................................................................... 11 Exhibit 8: Weekday Parking Conditions - 2:00 pm ...................................................................................................................... 12 Exhibit 9: Weekday Parking Conditions – 4:00 pm ...................................................................................................................... 13 Exhibit 10: Weekday Parking Conditions – 6:00 pm .................................................................................................................... 14 Exhibit 11: Weekday Evening Parking Conditions – 8:00 pm .................................................................................................... 15 Exhibit 12: Current Adequacy ........................................................................................................................................................ 16 Exhibit 13: Study Area – Zone Analysis .......................................................................................................................................... 17 Exhibit 14: Parking Adequacy by Zone ......................................................................................................................................... 18 Exhibit 15: Future Parking Condition Parking Scenarios ............................................................................................................. 19 Exhibit 16: Historic Washington Building Site and Surrounding Area........................................................................................ 20 Exhibit 17: Projected Washington Building Parking Demand ................................................................................................... 21 Exhibit 18: First National Bank Building and Surrounding Area ................................................................................................. 23 Exhibit 19: Projected First National Bank Building Parking Demand ........................................................................................ 24 Exhibit 20: Kline Building and Surrounding Area .......................................................................................................................... 25 Exhibit 21: Projected Kline Building Parking Demand ................................................................................................................ 26 Exhibit 22 Daily Northwestern Building and Surrounding Area ................................................................................................. 27 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Exhibit 23: Projected Daily Northwestern Parking Demand ...................................................................................................... 28 Exhibit 24: City Center Building and Surrounding Area.............................................................................................................. 30 Exhibit 25: Projected City Center Parking Demand ................................................................................................................... 31 Exhibit 26: Projected City Center Parking Demand – Phased Approach .............................................................................. 32 Exhibit 27: Convention Center and Surrounding Area .............................................................................................................. 33 Exhibit 28: Convention Center Unadjusted Parking Demand .................................................................................................. 34 Exhibit 29: Projected Convention Center Parking Demand ..................................................................................................... 34 Exhibit 30: Best Western Riverside Hotel and Surrounding Area ............................................................................................... 36 Exhibit 31: Best Western Riverside Hotel and Ground Round Unadjusted Parking Demand .............................................. 37 Exhibit 32: Projected Best Western Riverside Hotel and Ground Round Parking Demand ................................................. 37 Exhibit 33: Scenario 1 – Future Parking Adequacy by Zone ..................................................................................................... 39 Exhibit 34: Scenario 2 – Future Parking Adequacy by Zone ..................................................................................................... 40 Exhibit 35: Scenario 3 – Future Parking Adequacy by Zone ..................................................................................................... 42 Exhibit 36: Scenario 4 – Future Parking Adequacy by Zone ..................................................................................................... 43 Exhibit 37: Scenario 5 – Future Parking Adequacy by Zone ..................................................................................................... 44 Exhibit 38: Summary of Future Parking Adequacy by Scenario ............................................................................................. 45 Exhibit 39: Community Approach to Parking Planning.............................................................................................................. 51 Exhibit 40: Proposed Parking Ramp Sites ...................................................................................................................................... 57 Exhibit 41: Parking Utility Fund – Historical Performance ........................................................................................................... 58 Exhibit 42: Sources and Uses of Funds ....................................................................................................................... 59 Exhibit 43: On-Street Multi-Space Meters – Purchase/Revenue Analysis ........................................................... 60 Exhibit 44: On- and Off- Street Multi-Space Meters – Purchase/Revenue Analysis .......................................... 61 Exhibit 45: Case 1: Current Parking Utility Fund ........................................................................................................ 62 Exhibit 46: Case 2: On-Street Pricing Strategy ($0.50/Hour) .................................................................................. 63 Exhibit 47: Case 3: On-Street ($0.50/Hour) and Off-Street ($0.25/Hour) Pricing Strategy ............................... 64 Exhibit 48: Breakeven Considerations – Monthly Income Required to Breakeven .......................................... 66 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary i EXECUTIVE SUMMARY The City of Oshkosh, Wisconsin (the “City”) engaged Walker Parking Consultants (“Walker”) to prepare a comprehensive downtown parking analysis of the City’s existing parking conditions. The results will be used to guide future policy and decision-making within the community. This report provides parking planning and operating strategies that embody the philosophy of managing public resources in a way that supports community well-being, community connection, and growing a sense of place. This report aims to address public parking in the context of the larger vision for downtown Oshkosh. Since parking is such a costly asset, the City is carefully considering the need for additional parking and opportunities to maximize use of current parking assets. In addition, the City is looking to implement new policies and practices that better align parking services with community expectations. Public parking plans should not lead community development; rather the broader community goals for the downtown should be supported by any proposed parking strategy. With that in mind, the parking strategy should serve as a tool to help ensure downtown success and embody the following guiding principles: • Maintain the small town, walkable form that has evolved over decades of purposeful planning. • Support for a park once, pedestrian friendly vision that improves connectivity for visitors, residents and employees. • Provide a customer-friendly experience for visitors, residents and employees centered on convenience, access and fairness. • Continue to help facilitate and encourage a diverse economy. • Maintain a responsibility to optimize public investment in parking infrastructure. PROJECT APPROACH Walker understands that public parking issues cut across various departments and policy fields and real solutions require collaboration. Our approach includes public engagement, plus the evaluation of current and future parking conditions, alternative development options, parking policies and practices, and financial considerations. While the technical parking analysis provides measurable decision points for City leaders to consider, public engagement can produce the collaboration and alignment required for effective policy design and implementation strategy. The project approach is further defined in the following exhibit. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary ii Project Approach Prepare Financial STAKEHOLDER ENGAGEMENT PROCESS AND FEEDBACK Walker representatives facilitated a key stakeholder meeting on the afternoon of Wednesday, August 12th and subsequently met or teleconferenced with additional local stakeholders unable to attend the initial meeting. In total, Walker met with forty informed stakeholders to discuss ideas and recommendations for enhancing the public parking system. The meetings included a diverse representation of downtown stakeholders with unique interest and perceptions. The common themes shared by the stakeholders are summarized in the following exhibit, by subject and not in any priority order. • Review current parking operations and market conditions • Document parking inventory for 28-block study area Document and evaluate peak weekday parking occupancy • Determine current parking adequacy • Evaluate proposed future redevelopments and project parking needs • Determine future parking adequacy • Identify on- and off-street parking policy improvements • Evaluate on and off-street parking pay station equipment and opportunities for improvement • Evaluate parking regulations and opportunities for market alignment • Identify opportunities to enhance the delivery of parking services and support economic development • Review current parking operations and market conditions • Meet with stakeholders to more clearly understand the vision for downtown parking • Listen to suggestions for improving parking • Review previous planning reports • Review public parking financial documents • Review proposed development concepts and plans for additional downtown growth Stakeholder Engagement & Data Analysis Current and Future Parking Conditions Policies, Practices, and Opportunities for Improvement Financial Plan • Provide guidelines for optimizing system financial performance • Estimate probable costs and annual debt service associated with system improvements CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary iii SUMMARY OF STAKEHOLDER FEEDBACK Several recurring and key components were identified amidst the list of comments shared in the group session and individual stakeholder meetings. Of greatest significance, “the parking system needs uniform rules and signage to reduce the amount of confusion with employees and visitors. A win for the parking system would be to reduce the amount of complaints from the business owners.” Several of the downtown stakeholders also felt, “Oshkosh needs to build a ramp to accommodate weekend parking demand from the Oshkosh Convention Center and the Best Western Hotel.” And lastly, Walker heard “charging a fee for parking downtown would chase small business customers away to suburban big box retailers.” The following provides a summary of common themes shared by stakeholders in no specific order: Common Themes Shared by Stakeholders The ideas for improving the Public Parking System were overwhelmingly positive and constructive with considerations for the overall well-being of the downtown community. However, to the extent that concerns or issues were raised, we attempt to address these within this report. 1 Oshkosh does not have a shortage of parking spaces. We need to know if we are efficiently utilizing our inventory. 2 Any downtown parking plan should maximize the use of existing parking resources before investing in new and costly parking ramps. 3 Oshkosh needs to build a ramp to accommodate weekend parking demand from the Oshkosh Convention Center and the Best Western Hotel 4 Charging a fee for parking downtown would chase small business customers away to suburban big box retailers. 5 Oshkosh should create employee parking lots during the business day and keep prime visitor lots open for retail and restaurant patrons 6 60% to 70% of business owners and their employees are getting cited for parking beyond the posted time limits as opposed to visitors. Employees are a big part of the problem. 7 The parking system needs uniform rules and signage to reduce the amount of confusion with employees and visitors. A win for the parking system would be to reduce the amount of complaints from the business owners. 8 Having no enforcement limits on Saturday works well for the Farmer’s Market. Attendees spend 2-4 hours shopping, dining and visiting the downtown area. 9 Develop special event parking strategies for small, medium and large events. Communicate these strategies with the community and coordinate implementation with downtown businesses, venues and government agencies. 10 Any walking distance beyond a two block walk is too far to walk from parking to destination. Locals complain about it and prefer not to do it. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary iv STUDY AREA Current parking conditions are evaluated for the geographical area generally bound by Parkway Avenue to the north; the Fox River to the south; Broad and Court Street to the east; and Jackson Street to the west (map on page 2). This 28-block area represents the defined study area determined by the City of Oshkosh. CURRENT PARKING CONDITION • 4,960± parking spaces are located within the 28-block study area • 987± parking spaces (20%) are privately owned and operated with limited public access • 1,500± parking spaces (30%) are owned and operated by the City Center with limited public access • 1,874± parking spaces (38%) are publically owned and or operated with public access • 599± parking spaces (12%) are located on-street Parking Supply Allocation Source: Walker Parking Consultants 2015 Note “Public “off-street parking includes all city-owned lots and the Best Western hotel ramp. PUBLIC PARKING LOCATIONS The City owns and operates seventeen (17) public parking lots (±1,679 spaces) located in downtown Oshkosh. In addition to these locations, the City lists the hotel ramp (195 spaces) as available public parking under the downtown public parking inventory. The capacity and general description of each parking location is provided in the following exhibit. Total Supply Private Off- Street City Center Public Off- Street Public On- Street Parking Supply 4,960 987 1,500 1,874 599 Percent of Total 100%20%30%38%12% 0 1,000 2,000 3,000 4,000 5,000 6,000 Pa r k i n g S p a c e s • The City controls 50% of the downtown parking supply (Public Off-Street + On- Street). • The City Center controls 30% of the downtown parking supply. • The distribution of parking supply by accessibility (public vs. private) is within reasonable standards when compared to similar size cities. • Perceptions of downtown parking adequacy, organization, and safety are based on both public and private parking facilities. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary v Downtown Oshkosh Public Parking Source: City of Oshkosh 2015 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary vi CURRENT PARKING ADEQUACY • Weekday peak parking conditions at 12:00 pm on Thursday 49% occupancy or 2,414± parked vehicles 2,546± unoccupied parking spaces • Weekday evening parking conditions at 8:00 pm on Thursday 20% occupancy or 1,001± parked vehicles 3,959± unoccupied parking spaces • 27% peak Public Off-Street occupancy = 1,361± unoccupied spaces 45% peak Private Off-Street occupancy = 540± unoccupied spaces 87% peak City Center occupancy = 201± unoccupied spaces 26% peak On-street occupancy = 444± unoccupied spaces The documented parking occupancy is presented in the following exhibit. Current Parking Supply Adequacy Source: Walker Parking Consultants Note: Weather conditions during the observation period were Fair with a high of 73°F and low of 59 °F. 10:00 AM 12:00 PM 2:00 PM 4:00 PM 6:00 PM 8:00 PM On Street 134 155 152 140 103 81 Off-Street Public 448 513 506 465 337 270 Off-Street Private 447 447 449 281 230 226 City Center 1,299 1,299 1,297 1,305 728 424 Total 2,328 2,414 2,404 2,191 1,398 1,001 Occupancy %47%49%48%44%28%20% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Pa r k e d C a r s Actual Supply = 4,960 Spaces Effective Supply = 4,563 Spaces Effective Surplus = 2,149 Spaces Actual Surplus = 2,546 Spaces CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary vii Definition: Effective Supply is the maximum number of parking spaces that can realistically be used within a given parking system. FUTURE PARKING CONDITIONS The methodology for assessing the future parking conditions in downtown Oshkosh incorporates assumptions with regard to future market conditions, local redevelopment plans, and the financial impact of constructing a public parking ramp. At this time, there are several possible redevelopment options under consideration by the Oshkosh community. While public parking is an important consideration for all the future development options, public parking plans should not lead community development decisions. Rather, the broader community goals and plans for downtown should be supported by any proposed parking strategy. Therefore, to prepare the City with information on parking options that respond to possible future development, this planning study includes future market assumptions organized into five (5) scenarios. The purpose for evaluating future parking needs through the lens of multiple scenarios is to provide the City with a frame of reference for determining possible outcomes. A description of each scenario is presented in the following exhibit. Future Parking Condition Scenarios Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Base Conditions • Current Parking Conditions (As Is) • No organic market growth Potential New Sources of Demand • No historic Washington Building Redevelopment • No First National Bank Building Redevelopment • No Kline Building Redevelopment • No Daily Northwestern Building Redevelopment • No City Center Building Tenant Expansion Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • Kline Building Redevelopment 31,000 SF • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • The Daily Northwestern Building Redevelopment 46,080 SF • Kline Building Redevelopment 31,000 SF • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • City Center Building Redevelopment and Tenant Expansion • The Daily Northwestern Building Redevelopment 46,080 SF • Kline Building Redevelopment 31,000 SF • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Source: City of Oshkosh and Individual Property Managers and Owner CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary viii A comparative summary of the future parking adequacy by scenario is presented in the following section. FUTURE PARKING ADEQUACY While an overall parking surplus in the study area is projected for each planning scenario, there are areas that will likely experience parking challenges. To assess parking adequacy in localized areas, the study area is divided into five (5) zones (A, B, C, D, and E). A comparative summary of the future parking adequacy by scenario is presented in the following exhibit. Summary of Future Parking Adequacy by Scenario Future Parking Planning Scenarios Future Parking Assumptions 1 2 3 4 5 BASE PARKING DEMAND Current Parking Conditions "As Is" x x x x x Organic Growth in Parking Demand (10%) x x x x CHANGES TO CURRENT PARKING SUPPLY Addition of Anchor Bank Parcel x x x x Addition of Daily Northwestern surface lot x x NEW PARKING DEMAND Historic Washington Building (105 Washington Ave.) x x x x First National Bank Building (404 North Main) x x x x Kline Building (217 North Main) x x x Daily Northwestern Building (224 State Street) x x City Center Building (334 City Center) x Future Parking Planning Scenarios Projected Parking Adequacy Supply 1 % Avail 2 % Avail 3 % Avail 4 % Avail 5 % Avail Zone A 208 68 33% 54 26% 54 26% 54 26% 54 26% Zone B 612 455 74% 439 72% 439 72% 439 72% 439 72% Zone C 643 247 38% 229 36% 229 36% 229 36% 229 36% Zone D 374 323 86% 318 85% 215 57% 215 57% 215 57% Zone E 247 148 60% 138 56% 138 56% 138 56% 138 56% Zone F 780 549 70% 453 58% 453 58% 327 42% 249 32% Zone G 2096 741 35% 294 14% 294 14% 294 14% 151 7% TOTAL SURPLUS (DEFICIT) 4,960 2,531 51% 1,925 39% 1,822 37% 1,696 34% 1,476 30% Scenarios defined by the City of Oshkosh In the following exhibit, a map of the study area with zones is provided to help illustrate future parking adequacy. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary ix Future Parking Adequacy by Zone Future Parking Planning Scenarios Projected Parking Adequacy Supply 1 % Avail 2 % Avail 3 % Avail 4 % Avail 5 % Avail Zone A 208 68 33% 54 26% 54 26% 54 26% 54 26% Zone B 612 455 74% 439 72% 439 72% 439 72% 439 72% Zone C 643 247 38% 229 36% 229 36% 229 36% 229 36% Zone D 374 323 86% 318 85% 215 57% 215 57% 215 57% Zone E 247 148 60% 138 56% 138 56% 138 56% 138 56% Zone F 780 549 70% 453 58% 453 58% 327 42% 249 32% Zone G 2096 741 35% 294 14% 294 14% 294 14% 151 7% TOTAL SURPLUS (DEFICIT) 4,960 2,531 51% 1,925 39% 1,822 37% 1,696 34% 1,476 30% Source: Walker Parking Consultants CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary x POLICIES, PRACTICES AND OPPORTUNITIES FOR IMPROVEMENT Prior to developing any new public parking in downtown Oshkosh, Walker recommends the City consider changes to current policies and practices. The proposed changes are intended to help improve the overall delivery of parking services. These recommendations are based on input from stakeholders directly impacted by public parking policy and practices. In addition, the recommendations reflect Walker’s analysis of current and future parking conditions, and assessment of current operations. The recommendations are organized and presented in the following categories: • Demand Management - There are areas within each zone that temporarily experience high levels of demand that strain local parking supply, while at the same time nearby areas experience a parking surplus. Even though available supply may exist within one or two blocks, these localized “hot spots‟ form perceptions that parking supply is inadequate. • Brand and Sign Package Program - Walker recommends the concept of branding public parking locations with attractive entry signs that display the owner’s logo, street address, hours of operation, and contact information. Providing a standard look for public parking will greatly reduce first-time visitor and patron anxiety when determining suitable locations for short-term parking. • Enforcement - Walker recommends that the City adopt a hospitality-based compliance program for the Downtown area as used successfully in many other cities across the United States. In addition to the hospitality oriented nature of the program, Parking Ambassadors are still required to enforce parking regulations. • Planning - Many communities are rethinking how best to address the challenges of parking and are pursuing management solutions before committing to long-term capital investments. This course of action is proven to improve perceptions and increase access to available supply. • Technology - Proven technology advancements in the parking industry can improve the patron experience and financial performance of a public parking system. Outcomes often include more efficient use of public assets, a higher level of customer service, and reduced direct labor costs. • Financial Solvency – The Parking Utility Fund is intended to be financially solvent as an independent operating unit. The Utility Fund is currently receiving subsidies from the General Fund, BID, and TIF #10 to pay for associated expenditures. If the Utility maintains an insolvent financial position the quality of parking services provided to the community may decline and potentially impede access to downtown businesses and events. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary xi As new developments enter the downtown market, the public parking needs will change and the City should be prepared to address how best to accommodate this additional growth - spatially, operationally and financially. The future parking improvements should focus on enhancing the overall delivery of parking services to the downtown community. Walker prepared an evaluation of the current and future financial position of the Parking Utility Fund to identify opportunities to transition the Fund to a financially solvent operation. Three financial cases are represented in this report: 1) Current or as-is conditions, 2) Pricing strategy for on-street parking only, and 3) Pricing strategy for the total parking system. The summarized results are presented below: Case 1: Current Operating Conditions Results: • Requires continued subsidies from the City’s General Fund, the Business Improvement District (BID), and the Tax Increment Financing (TIF) District #10. • No new parking supply • Minimal capital improvements • Goal to maintain current conditions Case 2: Pricing Strategy for On-Street Parking Only Results: • Elimination of subsidies from the City’s General Fund, the Business Improvement District (BID), and the Tax Increment Financing (TIF) District #10. • Managed on-street parking demand through the use of multi-space meters. • Opportunity to reinvest Parking Utility revenue back into the community Case 3: Pricing Strategy for On- and Off-street Public Parking System Results: • Elimination of subsidies from the City’s General Fund, the Business Improvement District (BID), and the Tax Increment Financing (TIF) District #10. • Improved ability to proactively manage demand. • Opportunities to reinvest Parking Utility revenue back into the community. • Opportunity for the Parking Utility to fund a future parking ramp project. PROPOSED PARKING RAMP SITES While current typical parking conditions do not warrant the construction of a new parking ramp, we recognize that some stakeholders believe a ramp is desired. In response to this desire, Walker researched information on suitable development sites for a multi-story ramp. The sites are listed in no particular order on the map below and have been identified based on their central location to the downtown area and their ability to satisfy the demand needs identified in nearby zones. Three of the sites identified are located on City owned land, where surface parking inventory exists today. The fourth site requires the purchase and demolition of any existing CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary xii privately-owned building coupled with land acquisition costs. Lastly, the fifth site involves the expansion of the existing City Center ramp. 1. High Avenue surface lot – Development of this 99-spaced surface lot would support the expansion needs of the City Center tenants, both today and in the future should the City Center expand the third floor above the 4Imprint tenant space. The development of this site would also serve the Grand Opera House patron parking needs. 2. Kline Building – Most likely the most expensive site to develop into a parking ramp, however the most practical to serve the parking demands from all zones within the study area. With its central location to downtown, this location would support the “park once” campaign suggesting a central location for all visitors to park and walk just two blocks to most destinations in downtown. 3. Ceape surface lot – Similar to the High Avenue surface lot, this site would serve the downtown office tenant expansion and meet the seasonal, special event parking demand specific to destinations in Zone G. During non-special event seasons, this ramp would serve nothing more than daytime office parking inventory. 4. Jefferson Street surface lot – Solely for the benefit of Main Street destinations in the 400 and 500 block of North Main, this location would meet the short-term visitor demands in the downtown area as well as offer an overnight parking options for nearby residents. Walker believes the location of this site would not benefit office tenant expansion nearly as significant as the other sites. 5. City Center parking ramp expansion – Upon meeting with City Center management staff, Walker learned the City Center parking ramp has the capability of adding construction for approximately ±90 parking stalls. The additional spaces would be gained by extending the 3rd floor parking level over the existing uncovered 2nd floor parking level. A reasonable conceptual estimate of project cost for a 400-space, above grade parking ramp is $7.2 million ($18,000 per space, 400 spaces). Annual operating expenses are estimated at approximately $600 per space or about $240,000±. An annual capital repair and maintenance budget set-aside in a sinking fund is recommended at a minimum of $60 per space or about $24,000 per year. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary xiii CONCLUSIONS AND RECOMMENDATIONS 1. The current peak weekday parking demand in downtown Oshkosh does not exceed the current supply. Approximately 49% of the current parking supply is occupied during peak weekday conditions (2,414± parked vehicles). Conversely, there are approximately 2,546± unoccupied parking spaces during peak weekday conditions. Development of a new public parking structure in downtown Oshkosh is not recommended at this time. 2. A future parking surplus is projected to occur under each of the five potential downtown development scenarios. The surplus of unoccupied parking supply is projected to range between 2,531± spaces for Scenario 1 and 1,476± spaces for Scenario 5. 3. Based on current data and future development scenarios analyzed by Walker, a new parking ramp is not needed to support current or future parking demand in downtown Oshkosh. 4. While an overall surplus of parking exists today, and a surplus is projected under future development scenarios, there are localized areas with more intense demand patterns that can be addressed through parking management practices. 5. It is recommended that the City of Oshkosh invest in informing the community on downtown public parking options through the development and implementation of a sign/wayfinding program, community outreach efforts, and public parking branding strategy. 6. To more effectively manage the use of public parking resources in downtown Oshkosh, it is recommended that the City implement an on-street paid parking system in the core area of downtown. A primary goal of the public parking system is to provide access to downtown destinations and events. By value pricing the core on-street supply and offering free off-street and peripheral on-street parking, the City can use price as a tool to redistribute parking demand and maximize the use of existing resources. Downtown patrons and employees would be provided a range of parking products to choose from that best align with personal preferences. 7. While current typical parking conditions do not warrant the construction of a new parking ramp, we recognize that some stakeholders believe a ramp is desired. The preliminary estimate of conceptual cost for a 400-space parking ramp is $7.2 million. The Parking Fund, under current policies and practices, would be unable to support the annual debt service payment, operating expenses, and capital repair and maintenance associated with the public parking ramp. Three potential funding options are presented: CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Executive Summary xiv FUNDING OPTION: 1 • Parking Fund Operating Policy: Subsidy model with no or low-fee permit parking system • Funding Source: General Obligation Bonds serviced by the General Fund • Considerations: Funding contingent upon City funding priorities and overall debt capacity • Annual Operating Expenses: Sources include Parking Fund, BID and General Fund • Annual Capital Expenses: Source includes General Fund FUNDING OPTION: 2 • Parking Fund Operating Policy: Solvency model with value priced parking system • Funding Source: General Parking Revenue Bonds backed by Parking Fund and General Fund • Considerations: Parking Fund to issue debt and mitigate impact on City debt capacity • Annual Operating Expenses: Source includes operating revenue from Parking Fund • Annual Capital Expenses: Source includes operating revenue from Parking Fund FUNDING OPTION: 3 • Parking Fund Operating Policy: Solvency model with value priced parking system • Funding Source: Private Investment (Public Private Partnership) • Considerations: Private finance, design, build, lease agreement with City No impact to City debt capacity Annual lease paid by Parking Fund (permits, on-street, citations) • Annual Operating Expenses: Included with annual lease paid by Parking Fund • Annual Capital Expenses: Private Investment Partner(s) It is recommended that the City pursue a long-term strategy to fund current and future parking improvements through the implementation of Funding Option 2. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Introduction 1 INTRODUCTION The City of Oshkosh is in the midst of planning for its future economic development and growth. As part of its planning effort, Oshkosh engaged Walker Parking Consultants to conduct a parking study and develop a strategic parking plan for its downtown. The strategic parking plan would serve as reference material for a comprehensive planning effort that the city also envisions, and provide the city with a roadmap to address parking-related challenges. An Oshkosh Area Community Foundation-sponsored survey entitled Oshkosh Vision Survey reported on resident opinions regarding the future of Oshkosh. The foundation’s website states, “Results showed that the overwhelming majority of residents want to see Oshkosh better utilize its waterfront, allocate more green space, create bicycle-friendly streets, and emphasize downtown redevelopment. More than 90 percent of the survey respondents said community development should be focused in the downtown area.” The Oshkosh Convention and Visitors Bureau is working toward bringing additional visitors to the city to attend meetings and support tourism. The number of visitors to Winnebago County reportedly increased by 5.6 percent in 2013. The CVB has organized a lineup of recreational and athletic events, coupled with business meetings and conventions, creating additional demand for visitor parking. When parking is “done right,” it can be used as a tool to help encourage visitors to return to the county and Oshkosh, in particular. Although not located within the Central Business District, the University Wisconsin-Oshkosh campus is a significant driver of downtown parking activity as it generates visits from students, faculty, staff, and campus visitors, many of who need a parking space to access the CBD. The University of Wisconsin’s Growth Agenda goal is to grow the Oshkosh campus from about 12,500 students today to 16,000 students by 2020. In addition to some spaces that are available for lease, the City generally offers two types of parking – permit parking intended for use by longer-term patrons and free parking that is available at spaces with 90-minute or two-hour durations. The City sells permits for $20 per month and $220 per year. PROJECT UNDERSTANDING Walker understands Oshkosh’s goals for the parking study and strategic parking plan are summarized as follows: • To elicit input from residents and community leaders and gain the collective community support that is so vital to the successful implementation of plans; • To develop and implement a plan that can improve downtown conditions; CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Introduction 2 • To better understand existing and future parking supply and demand conditions and locations where parking capacity is an issue; • To identify alternatives for addressing parking challenges, including the optimization of existing parking resources, the use of technologies that enhance user-friendliness of parking, and identification of options to increase parking capacity, and the potential for reducing parking demand through alternatives to the single occupant vehicle; • To review and develop a plan improving existing parking policies and practices; and • To develop a financial plan that could be implemented as a method of funding future parking-related improvements. SCOPE OF SERVICES Based on the RFP, Walker understands the City’s scope of services is generally organized into the following key elements: • Stakeholder Input • Assessment of Current Parking System Utilization • Supply/Demand Analysis and Projection of Future Needs • Development of Potential Solutions • Evaluation of Parking Policy and the Municipal Parking Program • Recommendations and Financial Plan for Meeting Future Needs • Final Presentation STUDY AREA The study area is defined for the purpose of this analysis as the geographical area generally bound by Parkway Avenue to the north; the Fox River to the south; Jackson Street to the west; and Jefferson Street, Court Street and Broad Street to the east. The 28-block study area includes the City Center Mall, an 800,000 SF regional shopping center that was originally built in the 1970s and since has been renamed City Center and partially redeveloped into office space and specialty shops. Presently the facility advertises 513,000 SF of useable office and retail space. In addition to the City Center, the study area includes the administrative offices of the Winnebago County Health Department, the Winnebago County Department of Human Services, the 18,500 square foot Oshkosh Convention Center and the Leach Amphitheater offering a 7,500 person capacity. Central to the study area, North Main Street, also U.S. 45, is a major arterial that contains a number of shops and offices located in historic buildings. This configuration encompasses the wide variety of land uses and captures the unique parking characteristics within downtown Oshkosh. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Introduction 3 The study area is presented in the following exhibit. Exhibit 1: Study Area Source: Study Area provided by the City of Oshkosh; exhibit prepared by Walker Parking Consultants CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Stakeholder Engagement 4 STAKEHOLDER ENGAGEMENT Walker representatives facilitated a key stakeholder meeting on the afternoon of Wednesday, August 12th and subsequently met or teleconferenced with additional local stakeholders unable to attend the initial meeting. In total, Walker met with forty informed stakeholders to discuss ideas and recommendations for enhancing the public parking system. The meetings included a diverse representation of downtown stakeholders with unique interest and perceptions. The common themes shared by the stakeholders are summarized in the following exhibit, by subject and not in any priority order. SUMMARY OF STAKEHOLDER FEEDBACK Several recurring and key components were identified amidst the list of comments shared in the group session and individual stakeholder meetings. Of greatest significance, “the parking system needs uniform rules and signage to reduce the amount of confusion with employees and visitors. A win for the parking system would be to reduce the amount of complaints from the business owners.” Several of the downtown stakeholders also felt, “Oshkosh needs to build a ramp to accommodate weekend parking demand from the Oshkosh Convention Center and the Best Western Hotel.” And lastly, Walker heard “charging a fee for parking downtown would chase small business customers away to suburban big box retailers.” The following exhibit provides a list of detailed comments provided in no specific order other than labeled by type: CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Stakeholder Engagement 5 Exhibit 2: Summary of Stakeholder Feedback Subject Comment 1 Connectivity / Walkability Any walking distance beyond a two block walk is too far to walk from parking to destination. Locals complain about it and prefer not to do it. 2 Connectivity / Walkability The core downtown business buildings are too far apart. Downtown is not a walkable district as businesses are too fragmented. 3 Public Investment Any downtown parking plan should maximize the use of existing parking resources before investing in new and costly parking ramps. 4 Public Investment The City should explore opportunities for public/private partnerships and the integration of mixed uses if considering building a new parking ramps. 5 Parking Adequacy People often form perceptions that parking is inadequate based on special event conditions or on-street parking conditions in a limited geographic area (1 block). These perceptions do not align with actual parking availability in the downtown area. 6 Parking Adequacy When the 176 room Best Western Hotel is at capacity, there is no room left in the adjacent parking ramp for use of 18,000 SF of banquet and meeting space as well as parking for the Ground Round restaurant. 7 Parking Adequacy Oshkosh does not have a shortage of parking spaces. We need to know if we are efficiently utilizing our inventory. 8 Parking Adequacy The 400 Block West Lot is underutilized in the evening hours. The parking program should be better managed to encourage the use of this parking lot. 9 Off-Street Ramp Oshkosh needs to knock down the existing ramp attached to the Best Western Hotel and construct a more user friendly ramp with more spaces on the same footprint. 10 Off-Street Ramp Oshkosh needs to build a ramp to accommodate weekend parking demand from the Oshkosh Convention Center and the Best Western Hotel 11 Off-Street Ramp Will the City Center share parking inventory on the weekends? 12 Off-Street Lots The Washington Lot and State Lot are almost always full because authorized permit holders are not parking in their assigned permit spaces. 13 Off-Street Lots Eliminate the daily parking permit as no one hardly uses it. I didn’t even know it existed. 14 Off-Street Lots Eliminate permit and reserved parking spaces in surface lots with limited inventory. 15 Off-Street Lots During lengthy snow season surface lot parking inventory becomes affected by large snow piles displacing available parking inventory in the lots. 16 Off-Street Lots The Anchor Bank property should be purchased and developed for additional parking inventory. 17 Off- Street Lots Creating 4-hour limit parking spaces would limit turnover and negatively impact monthly and annual permit sales. 18 Off-Street Lots It is believed daily permits are purchased by restaurant employers and assigned to employees to park in surface lots. The $1.50 permit was originally designed for guests of residents. 19 Off-Street Lots Oshkosh should create employee parking lots during the business day and keep prime visitor lots open for retail and restaurant patrons. 20 Off-Street Lots Parking north of Washington Street should be simplified and user-friendly so folks don’t receive parking tickets. 21 Off-Street Lots It’s often disappointing when events on Main Street prohibit parking and access to businesses. 22 Off-Street Lots Permit spaces should be removed from the Library Lot. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Stakeholder Engagement 6 Source: Walker Parking group and individual stakeholder meetings Subject Comment 23 On-Street Maintain consistent enforcement hours for all regulated spaces. 9:00am – 6:00pm, Mon.- Sat. 24 On-Street Permit spaces in 300 block of Brown Street are seldom used. 25 Enforcement 60% to 70% of business owners and their employees are getting cited for parking beyond the posted time limits as opposed to visitors. Employees are a big part of the problem. 26 Enforcement Having no enforcement limits on Saturday works well for the Farmer’s Market. Attendees spend 2-4 hours shopping, dining and visiting the downtown area. 27 Enforcement The amount of time to pay a parking ticket should be extended before a penalty is applied. Five days to pay a parking ticket is not enough time. 28 Enforcement Residents should not be penalized when downtown events prohibit access to permit spaces. The city should show some compassion or allow for a grace period. 29 Enforcement Parking enforcement is necessary to maintain downtown public access. 30 Programs The parking system needs uniform rules and signage to reduce the amount of confusion with employees and visitors. A win for the parking system would be to reduce the amount of complaints from the business owners. 31 Programs Market and brand the public parking system to educate and communicate the available parking options. 32 Programs There needs to be a mix of long, mid and short term parking. 33 Programs The Parking Utility is constantly changing policies for lot permits to accommodate residential parking demand. 34 Programs Develop special event parking strategies for small, medium and large events. Communicate these strategies with the community and coordinate implementation with downtown businesses, venues and government agencies. 35 Programs Downtown post office location should relocate to allow for more parking. 36 Programs Charging a fee for parking downtown would chase small business customers away to suburban big box retailers. 37 Planning Businesses in the 500 block of Main Street could double their employee and patron base if more parking options were available. 38 Planning Permits should offer a tiered pricing solution according to location. 39 Planning Assigned parking designation should be reallocated for greater efficiency. 40 Planning Need a blanket policy for all surface parking lots as each lot has a different dynamic. 41 Planning The city needs to move forward with hiring a special events coordinator to communicate downtown events and work with the community business owners. 42 Planning Moving the Farmer’s Market to Main Street has increased attendance to 12,000 to 15,000 customers compared to 1,500 attendance, five years ago when it was at City Hall. Patrons are utilizing the same parking areas, yet the perception is they don’t have to walk several blocks to City Hall. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 7 CURRENT PARKING CONDITIONS Parking occupancy conditions were recorded Thursday, September 10th, with parking demand recorded at 10:00 am (mid-morning parking occupancy), 12:00 pm, 2:00 pm (mid-afternoon parking occupancy), 4:00 pm, 6:00 pm (early dinner and end of work day parking occupancy) and 8:00 pm. The date and times were selected based on our experience with typical peak parking patterns in a busy government, commercial retail, restaurant, and office environment. In our experience the mid-morning and mid-afternoons typically represent peak demand due to the significant presence of downtown employees overlapping with the beginning or end of lunch time, when downtowns typically receive an influx of diners and others coming into downtown for business or shopping during their lunch time break. PARKING INVENTORY A total parking inventory of 4,960± parking spaces are located within the 28-block study area. The allocation of parking supply is important to understand when considering long-term strategies that aim to improve access to downtown. Approximately 4,361± or 88% of spaces are located off-street and 599± or 12% of spaces are located on-street in time restricted areas. Approximately 2,473± or 50% of the total supply is designated as public and open to all user groups, while the remaining 2,487± or 50% of all parking supply is designated for private use with limited or restricted general public access. In locations where parking spaces were unmarked on-street, the estimated capacities were determined based on industry standard parking space measurements. Exhibit 3: Parking Supply Allocation Source: Walker Parking Consultants 2015 Total Supply Private Off- Street City Center Public Off- Street Public On- Street Parking Supply 4,960 987 1,500 1,874 599 Percent of Total 100%20%30%38%12% 0 1,000 2,000 3,000 4,000 5,000 6,000 Pa r k i n g S p a c e s • The City controls 50% of the downtown parking supply (Public Off-Street + On-Street). • The City Center controls 30% of the downtown parking supply. • The distribution of parking supply by accessibility (public vs. private) is within reasonable standards when compared to similar size cities. • Perceptions of downtown parking adequacy, organization, and safety are based on both public and private parking facilities. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 8 EFFECTIVE PARKING SUPPLY When discussing the utilization of a parking system, it is important to consider the concept of effective supply. Effective supply is the maximum number of parking spaces that can realistically be used within a given parking system. An effective supply cushion helps to protect against the inevitable loss of spaces resulting from temporary disturbances such as construction, incorrectly parked cars, snow removal, etc. This cushion also helps to decrease traffic congestion by minimizing the amount of time visitors must spend looking for an empty space. For on-street parking, Walker generally recommends an effective supply equal to 85% of the total capacity. This allows a sizable cushion of spaces so that traffic does not back up on surface streets. Off-street parking requires less of a cushion, generally 90% to 95% of the actual supply, depending on the type of facility and the anticipated user group. Smaller cushions are calculated for long-term parking locations because long-term parkers (ex: downtown employees) tend to be familiar with the facilities and spaces. These locations are not as subject to frequent turn over or unfamiliar parkers. The study area includes an actual total of 4,960± parking spaces before any adjustments are made to account for an effective supply. After the effective supply factors are applied, the study area’s effective supply is 4,563± spaces, as shown in the following exhibit. Exhibit 4: Effective Parking Supply Source: Walker Parking Consultants 2015 Private (Off-Street) Effective Supply Factor = 95% City Center Effective Supply Factor = 95% Public (Off-Street) Effective Supply Factor = 90% On-Street Effective Supply Factor = 85% Weighted Average Effective Supply Factor = 92% Total Supply Private Off-Street City Center Public Off- Street Public On- Street Actual Supply 4,960 987 1,500 1,874 599 Effective Supply 4,563 938 1,425 1,687 509 0 1,000 2,000 3,000 4,000 5,000 6,000 Pa r k i n g S p a c e s Total Effective Supply Cushion = 389± Spaces CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 9 PARKING OCCUPANCY The analysis of current parking conditions indicates that peak occupancy of 2,414± vehicles (49%) occurs near the hour of 12:00 pm on a typical Thursday. Conversely, there are approximately 2,546± unoccupied parking spaces in the study area during peak conditions. Evening parking conditions are measurably lower with 1,001± parked vehicles (20%) near the hour of 8:00 pm. Conversely, there are approximately 3,959± unoccupied parking spaces in the study area during typical weekday evening conditions. The documented parking occupancy is presented in the following exhibit. Exhibit 5: Parking Supply Adequacy Source: Walker Parking Consultants Note: Weather conditions during the observation period were fair with a high of 73°F and low of 59 °F. Although the overall parking conditions indicate adequate supply exists, there are specific city blocks and streets that routinely exhibit more intense parking utilization patterns. The areas with more intense parking demand can shape overall perceptions of parking adequacy for the entire study area. Heat maps indicating the observed parking occupancy levels by block and at the designated intervals are presented in the next six exhibits. This information is intended to help communicate the local parking characteristics during a typical weekday. 10:00 AM 12:00 PM 2:00 PM 4:00 PM 6:00 PM 8:00 PM On Street 134 155 152 140 103 81 Off-Street Public 448 513 506 465 337 270 Off-Street Private 447 447 449 281 230 226 City Center 1,299 1,299 1,297 1,305 728 424 Total 2,328 2,414 2,404 2,191 1,398 1,001 Occupancy %47%49%48%44%28%20% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Pa r k e d C a r s Actual Supply = 4,960 Spaces Effective Supply = 4,563 Spaces Actual Surplus = 2,546 Spaces Effective Surplus = 2,149 Spaces CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 10 Exhibit 6: Weekday Parking Conditions - 10:00 am Observations CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 11 Exhibit 7: Weekday Parking Conditions - 12:00 pm • Peak parking demand patterns coincide with office, restaurant and retail demand characteristics Observations CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 12 Exhibit 8: Weekday Parking Conditions - 2:00 pm Observations CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 13 Exhibit 9: Weekday Parking Conditions – 4:00 pm Observations CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 14 Exhibit 10: Weekday Parking Conditions – 6:00 pm Observations CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 15 Exhibit11: Weekday Evening Parking Conditions – 8:00 pm Observations CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 16 PARKING ADEQUACY The observed peak parking occupancy was compared to the actual and effective supply calculations to determine the current parking adequacy during typical weekday conditions. The parking adequacy for the total study area is summarized and presented in the following exhibit. Exhibit 12: Current Adequacy Source: Walker Parking Consultants 2015 The data indicates a need for strategic management of public on and off-street parking that starts with modifications to current parking policies and practices. The challenge before the City is to encourage a change in parking behavior by providing choices, clear policies, and improved delivery of parking services. Parking is experiential and everyone forms individual perceptions of parking conditions based on their unique expectations and experiences. It is our professional opinion that the lack of supply is not the real parking issue; rather the real issue is a lack of access to acceptable proximate supply and knowledge of parking options in downtown Oshkosh. Recommendations for improving access to supply and improving the overall delivery of parking services will be addressed in the following sections of this report. EffectiveTypeActual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 1,874 90%1,597 513 27%1,361 1,084 Private Off-Street 987 95%938 447 45%540 491 City Center 1,500 95%1,425 1,299 87%201 126 On-Street 599 85%509 155 26%444 354Total4,960 92%4,469 2,414 50%2,546 2,055 Peak Weekday Occupancy CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 17 ZONE ANALYSIS The previous section of this report provided an overview of the current parking conditions in downtown Oshkosh. The data shows an operating surplus during peak weekday conditions in public off-street, private off-street and on-street supply. To further analyze the local market conditions and assess adequacy, the study area is divided into seven zones (A, B, C, D, E, F, and G). The study area zones are provided in the following exhibit. Exhibit 13: Study Area – Zone Analysis Source: Walker Parking Consultants 2015 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Current Parking Conditions 18 Exhibit 14: Parking Adequacy by Zone • While each zone exhibits unique parking demand patterns and levels of adequacy, all zones have unoccupied parking supply with peak occupancy rates that range from 15 percent (Zone D) to 71 percent (Zone A). All zones have a parking surplus. ZONE A Effective Type Actual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 33 90%30 26 79%7 4Private Off-Street 131 95%124 105 80%26 19 On-Street 44 85%37 17 39%27 20Total20892%192 148 71%60 44 ZONE B Effective Type Actual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 192 90%173 80 42%112 93Private Off-Street 349 95%332 62 18%287 270 On-Street 71 85%60 5 7%66 55Total61292%565 147 24%465 418 ZONE C Effective Type Actual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 392 90%353 195 50%197 158Private Off-Street 149 95%142 99 66%50 43 On-Street 102 85%87 49 48%53 38Total64392%581 343 53%300 238 ZONE D Effective Type Actual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 250 90%225 32 13%218 193Private Off-Street 67 95%64 4 6%63 60 On-Street 57 85%48 21 37%36 27 Total 374 92%337 57 15%317 280 ZONE E Effective Type Actual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 93 90%84 37 40%56 47Private Off-Street 0 95%0 0 0%0 0 On-Street 154 85%131 29 19%125 102 Total 247 92%215 66 27%181 149 ZONE F Effective Type Actual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 318 90%286 87 27%231 199Private Off-Street 291 95%276 177 61%114 99 On-Street 171 85%145 34 20%137 111 Total 780 92%708 298 38%482 410 ZONE G Effective Type Actual Supply Supply Factor Effective Supply 12:00 PM Occupancy %Actual Surplus Effective Surplus Public Off-Street 596 90%536 56 9%540 480City Center 1,500 95%1,425 1,299 87%201 126 On-Street 0 85%0 0 0%0 0 Total 2,096 92%1,961 1,355 65%741 606 Peak Weekday Occupancy Peak Weekday Occupancy Peak Weekday Occupancy Peak Weekday Occupancy Peak Weekday Occupancy Peak Weekday Occupancy Peak Weekday Occupancy CONCLUSION CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 19 FUTURE PARKING CONDITIONS The methodology for assessing the future parking conditions in downtown Oshkosh incorporates assumptions with regard to future market conditions, local redevelopment plans, and the financial impact of constructing a public parking ramp. At this time, there are several possible redevelopment options under consideration by the Oshkosh community. While public parking is an important consideration for all the future development options, public parking plans should not lead community development decisions. Rather, the broader community goals and plans for downtown should be supported by any proposed parking strategy. Therefore, to prepare the City with information on parking options that respond to possible future development, this planning study includes future market assumptions organized into five (5) scenarios. The purpose for evaluating future parking needs through the lens of multiple scenarios is to provide the City with a frame of reference for determining possible outcomes. A description of each scenario is presented in the following exhibit. Exhibit 15: Future Parking Condition Parking Scenarios Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Base Conditions • Current Parking Conditions (As Is) • No organic market growth Potential New Sources of Demand • No historic Washington Building Redevelopment • No First National Bank Building Redevelopment • No Kline Building Redevelopment • No Daily Northwestern Building Redevelopment • No City Center Building Tenant Expansion Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • Kline Building Redevelopment 31,000 SF • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • The Daily Northwestern Building Redevelopment 46,080 SF • Kline Building Redevelopment 31,000 SF • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Base Conditions • Current Parking Conditions (As Is) • Organic market growth of 10% Potential New Sources of Demand • City Center Building Redevelopment and Tenant Expansion • The Daily Northwestern Building Redevelopment 46,080 SF • Kline Building Redevelopment 31,000 SF • Historic Washington Building Redevelopment 29,100 SF • First National Bank Building Redevelopment 19,075 SF Source: City of Oshkosh and Individual Property Managers and Owner CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 20 ORGANIC MARKET GROWTH For the purpose of this analysis, organic market growth refers to the growth in demand for existing land uses or business services. Expressed another way, organic market growth is the internal growth or the growth from existing businesses—not from new businesses entering the market or new development of vacant land or absorption of vacant commercial building space. In scenarios 2 through 5, Walker applies a 10% organic growth factor. The assumption of a 10% increase in parked cars during peak weekday conditions represents possible growth from existing businesses. HISTORIC WASHINGTON BUILDING (105 WASHINGTON AVENUE) The historic Washington Building is located at 105 Washington Avenue and consists of 29,100 SF of commercial lease space. Some onsite parking and delivery access is provided and is accessed from Washington Avenue. Current redevelopment plans include the conversion of the 29,100 SF space to 22 residential units. The site layout for the redevelopment project is presented in the following exhibit. Exhibit 16: Historic Washington Building Site and Surrounding Area Source(S): Google Earth; Walker Parking Consultants Considerations • 29,100 SF of potential residential space to be converted into 20-22 residential units • Minimal onsite parking and delivery provided to east and south • Proximate parking options are needed for leasing ability • Walker’s Shared Parking Model recommends 1.75 parking spaces per one bedroom condo and .10 guest parking spaces • Site is proximate to Library and Main Street retail • Residential parking demand may be served by the use of the State lot – 79 public spaces • Redevelopment buildout suggests peak parking demand is 38± resident spaces and 3± guest parking spaces during peak utilization • Peak utilization is anticipated at 10:00 pm CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 21 WASHINGTON BUILDING PARKING REQUIREMENTS Public parking needs are often a requirement for historic buildings without on-site parking inventory. Typically, the inventory requirement may be met through a combination of off-street parking for tenants and on-street parking for short-term visitors. The use of the proximate State lot for residential parking will sufficiently serve the parking requirements with any visitor parking demand being met by the adjacent on-street inventory in Zone F. In addition, residential parking demand characteristics are unique when compared to other downtown destinations. Based on Walker’s experience, car ownership for residents in the upper Midwest is typically high, due to limited carpooling and reliable methods for alternate transportation. By today’s standards, residential vehicles may remain stationary for longer periods of time as many urban residents telecommute or even walk to nearby employment opportunities. The projected parking demand for this property is summarized in the following exhibit. Exhibit 17: Projected Washington Building Parking Demand Source: Walker Parking Consultants 2015; ITE Shared Parking Model CONCLUSION • The redeveloped historic Washington Building is projected to need approximately 38± employee parking spaces to accommodate typical weekday and weekend parking needs when the building is at 100% occupancy. The State lot can provide 79 parking spaces to meet this demand. • Visitor parking demand for this property may be accommodated by proximate on-street parking on Washington Avenue and State Street. Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio January January Land Use Demand January 10:00 PM Evening Evening 10:00 PM 5:00 PM Residential Guest 2 100%100%100%100%2 1 Residential Reserved - Condo 23 100%100%100%97%22 22 Residential Unreserved - Condo 16 100%100%100%97%16 13 Total Parking Spaces Required 41 40 36 Weekday Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio January January Land Use Demand January 10:00 PM Evening Evening 10:00 PM 5:00 PM Residential Guest 3 100%100%100%100%3 1 Residential Reserved - Condo 23 100%100%100%97%22 22 Residential Unreserved - Condo 16 100%100%100%97%16 13 Total Parking Spaces Required 42 41 36 Weekend CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 22 FIRST NATIONAL BANK BUILDING (404 NORTH MAIN STREET) The First National Building, just across from Opera House Square Park, lies at the very heart of downtown Oshkosh. The downtown area offers a great variety of restaurants, coffee shops, shopping, and entertainment venues all within walking distance. This historic 8 story, 54,500 sq. ft. office building offers office space with spectacular views of Lake Winnebago, the Fox River, and Oshkosh. Upon speaking with building ownership, Walker understands there is currently approximately 19,075 sq. ft. (35%) of office space available for lease. In addition, the elegant 4,000 sq. ft. atrium is available to all tenants for public and private functions. Also available to all tenants is the mezzanine level conference room which overlooks the atrium. In the midst of our stakeholder interviews and data collection effort, Walker has learned Fox River Development (building ownership) has purchased the vacant Anchor Bank property to the immediate east of the First National Bank Building. As is, the Anchor Bank property supplies an existing 23± parking spaces. The conceptual site layout and parking planning considerations are presented in the following exhibit. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 23 Exhibit 18: First National Bank Building and Surrounding Area Considerations • Weekday peak parking demand is projected to occur near the hour of 10:00AM • Plans include the purchase of the Anchor Bank property and subsequent conversion to additional surface lot parking at Jefferson and Washington Streets • The addition of the Anchor Bank parcel could provide for 40-45 new parking spaces if the existing building was removed and the remaining parcel reconfigured. • Proximate on-street parking supply is located along Washington Street and State Street • Additional on-street parking supply could serve First National Bank Center patrons during peak hours CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 24 FIRST NATIONAL BANK BUILDING PARKING REQUIREMENTS The anticipated demand for both weekdays and weekends is summarized in the following exhibits. The projected weekday demand peaks near the hour of 10:00AM with an evening peak near the hour of 6:00PM. Exhibit 19: Projected First National Bank Building Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model CONCLUSION • Demand for approximately 64± parking spaces could be generated during weekday utilization for employee and visitor parking and approximately 15± spaces for similar use during the early evening hours. • A significant portion of the employee parking demand could be accommodated through the conversion of the Anchor Bank property to surface parking. In the event the Anchor Bank property is not immediately converted into surface lot parking, employee parking permits could be purchased for the remaining 40± spaces at the State lot. • Shared use of the Anchor Bank parcel for parking could additionally satisfy evening and weekend parking demand for Zone C retail and restaurant needs. Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio January January Land Use Demand January 10:00 AM Daytime Daytime 10:00 AM 6:00 PM Office <25,000sq ft 6 100%100%100%100%6 0 Employee 67 100%100%100%87%58 15 Total Parking Spaces Required 73 64 15 Weekday Demand DemandUnadjMonth Adj Pk Hr Adj Non Captive Drive Ratio January January Land Use Demand January 10:00 AM Daytime Daytime 10:00 AM 6:00 PM Office <25,000sq ft 1 100%90%100%100%1 0 Employee 7 100%90%100%92%6 0 Total Parking Spaces Required 8 7 0 Weekend CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 25 KLINE BUILDING (217 NORTH MAIN STREET) The 4-story Kline Building presently offers 31,000 sq. ft. of leasable office space and 15,000 sq. ft. of leasable retail space with no accompanying off-street parking. The property is conveniently located in the heart of downtown Oshkosh and close to many other landmarks such as the Grand Opera House, Oshkosh Public Library, Oshkosh Public Museum and the newly renovated Convention Center and more. A significant contributor to Oshkosh’s downtown walkability, the property provides great high traffic and visibility location with 120 feet of retail frontage on the main level. The site layout for the redevelopment project is presented in the following exhibit. Exhibit 20: Kline Building and Surrounding Area Considerations • Weekday peak parking demand is projected to occur near the hour of 2:00PM • City provides 31± spaces in adjacent surface lot immediately to the south of the property • Walker’s base parking model requires 103± spaces to meet office space buildout • Proximate to on-street parking supply is located along Commerce Street and High Avenue • Additional on-street parking supply could serve the Kline Building patrons during peak hours CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 26 Exhibit 21: Projected Kline Building Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model CONCLUSION The parking demand for the Kline Building requires the use of nearby off-street and on-street parking inventory. Walker’s shared parking model suggests a December weekday demand of 46 customer parking spaces for the office and retail spaces combined. In addition, our model also suggests a minimum of 103 employee parking spaces to meet the demand should the property occupancy achieve 100% utilization. Walker suggests the purchase of permit parking in the nearby High Avenue surface lot to meet the employee parking demand and maintain the utilization of the Pearl surface lot and adjacent Commerce Street spaces for short-term visitor parking. DAILY NORTHWESTERN BUILDING (224 STATE STREET) The Daily Northwestern property includes a 28,800 sq. ft. office building, a 17,280 sq. ft. production facility, a garage, as well as two supporting surface parking lots. Walker estimates the surface parking lots to provide 35± and 13± parking stalls. All parcels are located within the same block just off Main Street in the heart of downtown Oshkosh. Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio December December Land Use Demand December 2:00 PM Daytime Daytime 2:00 PM 6:00 PM Community Shopping Center (<400 ksf)44 100%100%99%87%38 32 Employee 11 100%100%100%82%9 9 Office 25k to 100k sq ft 9 100%100%100%87%8 0 Employee 108 100%100%100%87%94 25 Subtotal Customer 53 46 32 Subtotal Employee 119 103 34 Total Parking Spaces Required 172 149 66 Weekday Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio December December Land Use Demand December 1:00 PM Daytime Daytime 1:00 PM 6:00 PM Community Shopping Center (<400 ksf)48 100%95%100%92%42 38 Employee 12 100%100%100%87%10 10 Office 25k to 100k sq ft 1 100%80%100%92%1 0 Employee 11 100%80%100%92%8 1 Subtotal Customer 49 43 38 Subtotal Employee 23 18 11Total Parking Spaces Required 72 61 49 Weekend CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 27 The Northwestern was owned by the Schwalm and Heaney families until 1998. It has been part of the Gannett newspaper chain since 2000. The property is available for lease at this time as less space is needed by the newspaper as a result of operation consolidations. The site layout for the redevelopment project is presented in the following exhibit. Exhibit 22: Daily Northwestern Building and Surrounding Area Considerations • Weekday peak parking demand is projected to occur near the hour of 10:00 AM • Property provides for 48± spaces in two surface lots adjacent to the property • Walker’s base parking model requires 139± spaces to meet office space buildout • Proximate to on-street parking supply is located along State Street and Wagoo Avenue • Additional on-street parking supply along Court Street could serve the Daily Northwestern Building patrons during peak hours CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 28 Exhibit 23: Projected Daily Northwestern Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model CONCLUSION The employee parking demand for the redevelopment of the Daily Northwestern Building into leasable office space requires a suggested minimum supply of 139 parking spaces. To accommodate this demand, the property would need to secure an additional 91 spaces beyond the available 48 provided on site. Walker suggests the purchase of permit parking in the Ceape lot located one block south of the property. CITY CENTER BUILDING (334 CITY CENTER) The City Center originally open in the 1970’s as Park Plaza Mall. The center was over 800,000 square feet in size, including retail anchors and office space, and included a U-shaped hallway with an impressive multi-level atrium with hanging modern art sculptures, common areas, and large amounts of office space above the mall. The mall had many of the national chain stores and was a regional draw, bringing in shoppers from Appleton and Neenah-Menasha in the north to Fond Du Lac and the surrounding areas in the south. Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio January January Land Use Demand January 10:00 AM Daytime Daytime 10:00 AM 6:00 PM Office <25,000sq ft 5 100%100%100%100%5 0 Employee 60 100%100%100%87%52 14 Office 25k to 100k sq ft 9 100%100%100%100%9 0 Employee 100 100%100%100%87%87 23 Subtotal Customer/Guest 14 14 0 Subtotal Employee/Resident 160 139 37Total Parking Spaces Required 174 153 37 Weekday Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio January JanuaryLand Use Demand January 11:00 AM Daytime Daytime 11:00 AM 6:00 PM Office <25,000sq ft 1 100%100%100%100%1 0 Employee 6 100%100%100%92%6 0 Office 25k to 100k sq ft 1 100%100%100%100%1 0 Employee 10 100%100%100%92%9 1 Subtotal Customer/Guest 2 2 0 Subtotal Employee/Resident 16 15 1Total Parking Spaces Required 18 17 1 Weekend CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 29 In the early 1990’s the retail anchor stores began to vacate the mall and relocate along the U.S. 41 corridor as the big box and strip mall trend began to take shape. During this transition, more offices moved into the mall, slowly changing the atmosphere from the once thriving mall to today’s high density office center. By today’s standard, the City Center property totals 513,000 square feet of leasable space and is currently at 95% occupancy with 1,900 occupants inhabiting on a daily basis. This occupancy number grows to over 2,100 during the holiday rush season through the addition of seasonal employees. In addition, City Center management expects some of the major tenants to be adding additional permanent staff over the next few years by as many as 200 employees. City Center on-site parking allows for 1,150± parking spaces in the 2nd and 3rd level parking ramp. Additionally, there are also 400 ground level parking spaces for tenants and customers. Preliminary information shared with Walker indicates the current parking ramp has the capacity to increase parking inventory by 90± spaces. This may be accomplished by extending the 3rd level parking area over the uncovered 2nd level parking area. Walker also understands the probable estimate of construction and restoration costs may outweigh any immediate benefit. Further structural and financial evaluation of this option will be necessary. The City Center has approximately 20,000 sq. ft. of space yet to develop, but no additional parking available. The 4imprint tenant space can also be expanded by an additional 3rd floor (50,000 sf), which could hold approximately 210 more employees. The site layout for the redevelopment project is presented in the following exhibit. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 30 Exhibit 24: City Center Building and Surrounding Area Considerations • Weekday peak parking demand is projected to occur near the hour of 10:00AM • City Center provides 1,150± parking spaces in ramp located on site. Visitor parking needs are met through the use of the 400 surface lot spaces on site • Walker’s base parking model projects 408± spaces to meet peak weekday employee parking needs for total office space buildout. This amount includes the 3rd floor expansion of 4imprint • Without the 4imprint 3rd floor expansion, Walker’s model projects 234± parking spaces to meet the employee parking needs of the 20,000 sf space and the 150-200 additional staff increase over the next few years • Proximate off-street parking may be shared with the 195 spaces in the Best Western hotel ramp, but Walker recommends reserving this asset for daytime hotel and convention center business CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 31 Exhibit 25: Projected City Center Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model The parking demand model in the above exhibit reflects parking demand for all potential phases of occupancy and development mentioned under the considerations section. Because the seasonal employees are temporary in nature, Walker has not accounted for this fluctuation in our modeling. The exhibit below demonstrates the parking demand in a phased approach, knowing the potential for the 4imprint tenant space has yet to be determined. Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio January January Land Use Demand January 10:00 AM Daytime Daytime 10:00 AM 6:00 PM Office <25,000sq ft 6 100%100%100%87%5 0 Employee 70 100%100%100%87%61 16 Office 25k to 100k sq ft 0 100%100%100%87%0 0 Employee 0 100%100%100%87%0 0 Open Plan/High Density Office 17 100%100%100%87%15 1 Employee 399 100%100%100%87%347 87 Subtotal Customer 23 20 1 Subtotal Employee 469 408 103 Total Parking Spaces Required 492 428 104 Weekday Demand Demand Unadj Month Adj Pk Hr Adj Non Captive Drive Ratio January January Land Use Demand January 11:00 AM Daytime Daytime 11:00 AM 6:00 PM Office <25,000sq ft 1 100%100%100%92%1 0 Employee 7 100%100%100%92%6 0 Office 25k to 100k sq ft 0 100%100%100%92%0 0 Employee 0 100%100%100%92%0 0 Open Plan/High Density Office 2 100%100%100%92%2 0 Employee 40 100%100%100%92%37 2Subtotal Customer 3 3 0 Subtotal Employee 47 43 2 Total Parking Spaces Required 50 46 2 Weekend CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 32 Exhibit 26: Projected City Center Parking Demand – Phased Approach Source: Walker Parking Consultants 2015, ITE Shared Parking Model With the 4imprint tenant space removed from the model in the phase one approach, the immediate employee parking demand is reduced to 234± spaces. The projected weekend parking demand in the model above does not account for scheduled employee weekend shifts. This number may fluctuate depending upon scheduled tenant working hours. CONCLUSION The employee parking demand for the increase tenant occupancy and expansion of the City Center Building into leasable office space requires a suggested minimum supply of 408 parking spaces over a two-phased development approach. To accommodate this demand, the property would need to secure spaces beyond the available maximum capacity provided on site. Walker suggests the purchase of employee parking permits in the Ceape lot and the High Avenue lots located one block east and one block north of the property. Additionally, the use of the Riverside Park East lot would be required to meet the additional City Center tenant parking demand. Given the fact Walker has already recommended the use of the Ceape and High Avenue surface lots to support parking demand in Zones E and F, we should expect Zone G to experience a public parking space deficit when the City Center achieves 100% occupancy and future potential growth. OSHKOSH CONVENTION CENTER (2 NORTH MAIN STREET) The newly renovated Convention Center is one of the many highlights of Downtown Oshkosh. This outstanding venue sits on a prime waterfront setting overlooking the Fox River and Lake Winnebago. The Convention Center is home to many special events that take place annually. From trade shows to conventions, weddings and organizational meetings, the Convention Center is the ideal location for any event. Given this introduction and special use January Weekday 10:00 AM Phase 1 Phase 2 Office <25,000sq ft 5 0 Employee 61 0 Office 25k to 100k sq ft 0 0 Employee 0 0 Open Plan/High Density Office 7 8 Employee 173 174 Subtotal Customer 12 8 Subtotal Employee 234 174Total Demand 246 182 January Weekend11:00 AM Phase 1 Phase 2 Office <25,000sq ft 1 0 Employee 6 0 Office 25k to 100k sq ft 0 0 Employee 0 0 Open Plan/High Density Office 1 1 Employee 18 19 Subtotal Customer 2 1 Subtotal Employee 24 19Total Demand 26 20 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 33 requirement, Walker recognizes the need to maintain sufficient parking for convention center events and has projected the following demand based on usable square footage. Exhibit 27: Convention Center and Surrounding Area Considerations • Used of the Oshkosh Convention Center is typically per scheduled event or conference • The nearby Riverside Park Lot provides for 235 public parking spaces and the Ceape Lot provides for an additional 169 public parking spaces. • Walker has previously suggested the use of the Ceape Lot for Zone F and Zone G permit parking to meet the weekday employee parking needs of the downtown study area. • Walker’s Base Parking Model projects the unadjusted parking demand for the 18,500 SF convention Center to require 5.50 visitor parking spaces/ksf GLA and 0.50 employee parking spaces/ksf GLA. For the purpose of this explanation GLA may be defined as Gross Leasable Area. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 34 Exhibit 28: Convention Center Unadjusted Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model The unadjusted parking demand model in the above exhibit reflects parking demand for patrons and employees under maximum demand conditions. It is important to recognize the demand remains consistent regardless of weekday or weekend as use of the center is purely event driven. The exhibit below demonstrates the adjusted peak parking demand on weekdays and weekends when drive ratio factors are taken into consideration. Exhibit 29: Projected Convention Center Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model CONCLUSION The visitor and employee parking demand for the Oshkosh Convention Center requires the use of 96± parking spaces in the 235-space Riverside Park Lot. The remaining 139± parking spaces may be utilized for weekday employee parking privileges. Given the fact Walker has already recommended the use of the Ceape and High Avenue surface lots to support parking demand in Zones E and F, we should expect the use of the Riverside Park Lot to accommodate additional employee parking needs from the expansion of Land Use Quantity Base Ratio Unit Unadj Pkg Sp Base Ratio Units Unadj Pkg Sp Convention Center 18,500 5.50 /ksf GLA 102 5.50 /ksf GLA 102 Employee 0.50 9 0.50 9 TOTAL 111 111 Weekdays Weekends Demand DemandUnadjMonth Adj Pk Hr Adj Non Captive Drive Ratio Feb Feb Land Use Demand Feb 10:00 AM Daytime Daytime 10:00 AM 6:00 PM Convention Center 102 100%100%100%87%89 47 Employee 9 100%100%100%82%7 3Total Parking Spaces Required 111 96 50 Weekday Demand DemandUnadjMonth Adj Pk Hr Adj Non Captive Drive Ratio Feb Feb Land Use Demand Feb 10:00 AM Daytime Daytime 10:00 AM 6:00 PMConvention Center 102 100%100%100%92%94 51 Employee 9 100%100%100%87%8 3Total Parking Spaces Required 111 102 54 Weekend CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 35 the City Center Building. Riverside Park Lot spaces closest to the Convention Center should be signed and designated specifically for the use by Convention Center employees and attendees. Spaces within the eastern portion of this lot should be designated as permit parking during weekday business hours and available for public parking on nights and weekends. BEST WESTERN RIVERSIDE HOTEL (1 NORTH MAIN STREET) Nestled on the banks of the Fox River in downtown Oshkosh, lies the BEST WESTERN PREMIER Waterfront Hotel & Convention Center. In May 2013, a major $13 million renovation of the hotel was completed. The hotel features eight floors with 176 guest rooms, most of which have scenic views of the Fox River and/or Lake Winnebago. Amenities include an indoor pool, whirlpool, fitness center, game room, business center, casual dining and cocktail lounge with outdoor patio, riverside boardwalk and so much more. The hotel and convention center, combined, provide over 25,000 sq. ft. of meeting space with the flexibility of 18 breakout rooms. Convention meeting space provides beautiful views of the Fox River. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 36 Exhibit 30: Best Western Riverside Hotel and Surrounding Area Considerations • The Best Western Premier Waterfront Hotel is centrally located in Oshkosh, walking distance from Grand Opera House and close to Menominee Park. This family-friendly hotel is within close proximity of University of Wisconsin-Oshkosh and Paine Art Center and Arboretum. • The Hotel offers 176 rooms for overnight business meetings, conventions and weddings. • The adjacent Hotel ramp provides for 195 public parking spaces. Presently the surface parking areas adjacent to the ramp and south of the City Center property are reserved for City Center employee parking only. The shared use of this inventory on weekends could help increase the available inventory for special event and conference activities throughout Zone G. • Walker’s Base Parking Model projects the unadjusted parking demand for the 176 room hotel, and the 216 seat capacity Ground Round Restaurant to require 0.9 guest parking spaces per hotel room and 15.25 restaurant visitor parking spaces/ksf GLA. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 37 Exhibit 31: Best Western Riverside Hotel and Ground Round Unadjusted Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model The unadjusted parking demand model in the above exhibit reflects parking demand for guests and employees under maximum demand conditions. It is important to recognize the demand increases slightly on weekends due to travel, leisure and banquet opportunities. For the purpose of this discussion, Walker assumes the volume of hotel guests will typically be the same occupants using the hotel banquet and meeting space regardless of weekday or weekend activity. The exhibit below demonstrates the adjusted peak parking demand on weekdays and weekends when drive ratio factors are taken into consideration. Exhibit 32: Projected Best Western Riverside Hotel and Ground Round Parking Demand Source: Walker Parking Consultants 2015, ITE Shared Parking Model Demand DemandUnadjMonth Adj Pk Hr Adj Non Captive Drive Ratio Aug Jul Land Use Demand Aug 9:00 PM Evening Evening 9:00 PM 5:00 PM Fine/Casual Dining 66 99%100%79%92%48 33 Employee 12 100%100%100%87%10 10 Hotel-Leisure 158 100%95%100%100%150 126 Employee 44 100%20%100%87%8 25 Subtotal Customer 224 198 159 Subtotal Employee 56 18 35Total Parking Spaces Required 280 216 194 Weekday Demand DemandUnadjMonth Adj Pk Hr Adj Non Captive Drive Ratio Aug Jul Land Use Demand Aug 11:00 PM Evening Evening 11:00 PM 5:00 PMFine/Casual Dining 73 99%90%78%100%51 24 Employee 13 100%85%100%95%10 11 Hotel-Leisure 176 100%100%100%100%176 141 Employee 32 100%45%100%95%14 21Subtotal Customer 249 227 165 Subtotal Employee 45 24 32Total Parking Spaces Required 294 251 197 Weekend Land Use Quantity Base Ratio Unit Unadj Pkg Sp Base Ratio Units Unadj Pkg Sp Fine/Casual Dining 4,320 15.25 /ksf GLA 66 17.00 /ksf GLA 73 Employee 2.75 12 3.00 13 Hotel-Leisure 176 0.90 /room 158 1.00 /room 176 Employee 176 0.25 /room 44 0.18 /room 32 Subtotal Customer 224 249 Subtotal Employee 56 45 TOTAL 280 294 Weekdays Weekends CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 38 CONCLUSION The visitor and employee parking demand for the Best Western Riverside Hotel and the Ground Round Restaurant requires the complete use of the 195-space Hotel Ramp during weekday and weekend peak activity. Walker’s Shared Parking Model estimates peak activity for the combined use of these venues requires 216± parking spaces during the weekday and 251± spaces during weekend peak activity. While peak activity may not occur every week of the year, it remains an important decision to factor in this demand for the optimal success of the hotel and restaurant. In effort to lessen the parking demand on the Hotel Ramp during peak activity, Walker suggests the hotel and restaurant reach out to the City Center to arrange a deal for employee parking within the available surface lot areas adjacent to the hotel. The use of City Center permit spaces during non-peak activity, such as weekends and evenings, will allow greater access to available parking for hotel guests and restaurant patrons. In the event an agreement may not be reached with the City Center, the employee parking needs should be directed to public parking opportunities at the Riverside Park Lot and the Riverside Park East Lot. The projected future parking adequacy is presented for each scenario and by zone in the next five exhibits. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 39 Exhibit 33: Scenario 1 – Future Parking Adequacy by Zone • In Zone A, the projected adequacy for off-street public parking remains a concern with the continued sale of permit parking in the Division Street lot. Walker recommends the removal of permit parking altogether from this 33-space parking lot and creating a demand-price permit in the 400 Block West lot for premium permit holders in the 400 and 500 blocks of North Main Street. • Zone B offers significant parking adequacy as most of the available inventory is specific-use in nature for private business and church parking. Walker recommends the use of Zone B inventory for the private business parking needs in Zone A and Zone D. Additionally, Walker recommends the use of the 49-space Rec/Gym surface lot be converted into permit parking to support weekday employee parking activity. • Off-street public parking in Zone C should serve the short-term visitor parking demand for the commercial and retail businesses located in the 400 Block of North Main Street. In this scenario, Walker recognizes the need to redevelop the Anchor Bank property into a public/private parking location to remain consistent with parking adequacy found on the west side of Main Street. Zone A Supply Occupancy Adequacy Supply+Supply-Adjusted Supply New Demand Projected Adequacy Public Off-Street 33 27 6 0 0 33 0 6 Private Off-Street 131 96 35 0 0 131 0 35On-Street 44 17 27 0 0 44 0 27Sub-total 208 140 68 0 0 208 0 68 Zone B Public Off-Street 192 87 105 0 0 192 0 105 Private Off-Street 349 65 284 0 0 349 0 284 On-Street 71 5 66 0 0 71 0 66Sub-total 612 157 455 0 0 612 0 455 Zone C Public Off-Street 392 205 187 0 0 392 0 187 Private Off-Street 149 122 27 0 0 149 0 27 On-Street 102 69 33 0 0 102 0 33Sub-total 643 396 247 0 0 643 0 247 Zone D Public Off-Street 250 26 224 0 0 250 0 224 Private Off-Street 67 5 62 0 0 67 0 62 On-Street 57 20 37 0 0 57 0 37Sub-total 374 51 323 0 0 374 0 323 Zone EPublic Off-Street 93 46 47 0 0 93 0 47 Private Off-Street 0 0 0 0 0 0 0 0 On-Street 154 53 101 0 0 154 0 101Sub-total 247 99 148 0 0 247 0 148 Zone FPublic Off-Street 318 57 261 0 0 318 0 261Private Off-Street 291 140 151 0 0 291 0 151 On-Street 171 34 137 0 0 171 0 137 Sub-total 780 231 549 0 0 780 0 549 Zone GPublic Off-Street 596 58 538 0 0 596 0 538City Center 1,500 1,297 203 0 0 1,500 0 203On-Street 0 0 0 0 0 0 0 0 Sub-total 2,096 1,355 741 0 0 2,096 0 741 Total 4,960 2,033 2,284 0 0 4,317 0 2,531 Current Conditions Future Conditions CONCLUSION CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 40 • Any private business employee growth in Zone D could be supported by use of available private inventory in Zone D and nearby Zone B. • Similar to Zone C, parking inventory in Zone E should serve the short-term visitor parking demand for the commercial and retail businesses located in the 100-300 blocks of North Main Street. A collection of three, small off-street public parking locations provide for an approximate 93± spaces. Suitable on-street parking inventory is available in the 200 and 300 blocks of Market, Main and State Streets. • Under existing conditions, parking adequacy remains significantly adequate in Zones F and G, as portions of this inventory may be designed to serve specific use during conventions and Leach Amphitheater events. Exhibit 34: Scenario 2 – Future Parking Adequacy by Zone • The application of a 10% organic growth rate to current parking conditions, with the increased demand from the First National Bank Building and the redevelopment of the Historic Washington Building, results in an overall parking adequacy of 1,925± spaces in the study area. Zone A Supply Occupancy Adequacy Supply+Supply-Adjusted Supply New Demand Projected Adequacy Public Off-Street 33 27 6 0 0 33 3 3Private Off-Street 131 96 35 0 0 131 10 25On-Street 44 17 27 0 0 44 2 25Sub-total 208 140 68 0 0 208 14 54 Zone B Public Off-Street 192 87 105 0 0 192 9 96 Private Off-Street 349 65 284 0 0 349 7 278On-Street 71 5 66 0 0 71 1 66Sub-total 612 157 455 0 0 612 16 439 Zone C Public Off-Street 392 205 187 0 0 392 21 167 Private Off-Street 149 122 27 45 0 194 35 37 On-Street 102 69 33 0 0 102 7 26Sub-total 643 396 247 45 0 688 63 229 Zone D Public Off-Street 250 26 224 0 0 250 3 221 Private Off-Street 67 5 62 0 0 67 1 62 On-Street 57 20 37 0 0 57 2 35Sub-total 374 51 323 0 0 374 5 318 Zone E Public Off-Street 93 46 47 0 0 93 5 42 Private Off-Street 0 0 0 0 0 0 0 0 On-Street 154 53 101 0 0 154 5 96Sub-total 247 99 148 0 0 247 10 138 Zone FPublic Off-Street 318 57 261 0 0 318 79 182 Private Off-Street 291 140 151 0 0 291 14 137 On-Street 171 34 137 0 0 171 3 134Sub-total 780 231 549 0 0 780 96 453 Zone GPublic Off-Street 596 58 538 0 0 596 318 220Private Off-Street 1,500 1,297 203 0 0 1,500 130 73 On-Street 0 0 0 0 0 0 0 0Sub-total 2,096 1,355 741 0 0 2,096 448 294 Total 4,960 2,429 2,531 45 0 5,005 651 1,925 Current Conditions Future Conditions CONCLUSION CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 41 • Specific to Zone C, the redevelopment of the First National Bank Building demonstrates the effect of employee parking growth beyond the use of the existing Anchor Bank parking parcel. Walker estimates the need for an additional 58 employee parking spaces, of which 23 may be satisfied with the existing inventory of the Anchor Bank parking parcel. Should the footprint of the Anchor Bank parcel be redeveloped into a public/private parking lot, Walker estimates the maximum potential for a total of 45 spaces. In the event the Anchor Bank parcel is not immediately developed into a surface parking lot, employee parking would need to be satisfied with remaining permit inventory in the State Lot. • In Zone F, the redevelopment of the Historic Washington Building creates the potential for an increased employee parking demand of 38± parking spaces during peak weekday and weekend activity periods. This demand should be offset with the use of the 79-space State Lot. • Walker also encourages the reduction of the 36 permit parking spaces from the Library parking lot to allow for future programmatic library growth. Walker understands the present permit base for the Library lot may consist of a mixture of library employees and nearby residents seeking off-street parking. The Library leadership team should have a say in which employees may retain parking privileges within the lot, but should be aware of the inventory impact this may have on visitor access to the Library. Walker suggests negotiating employee parking privileges with the neighboring Oshkosh Office Center lot with a capacity of 110 spaces. • In Scenario 2, Zone A continues to remain an area of concern for parking adequacy. As previously shared, employee growth would need to be offset by inventory from available private inventory in Zones B and D. • Within this scenario, Walker has added the projected demand for the Best Western Riverside Hotel (216±) spaces during peak weekday activity and the projected demand for the Oshkosh Convention Center (96±) spaces during the same peak weekday activity levels. • Under Scenario 2, while projected parking adequacy may be positive in all zones, there are localized parking improvements that should be considered for the purposes of improving the delivery of parking services and improving the overall access to downtown. Specifically, attention to permit parking allocation should be considered to reduce the amount, reassign the remaining amount, and create demand-sensitive pricing for privileged parking access within these visitor parking zones. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 42 Exhibit 35: Scenario 3 – Future Parking Adequacy by Zone • The application of a 10% organic growth rate to current parking conditions; the addition of scenario 2 demand, and the redevelopment of the Kline Building results in an overall parking surplus of 1,822± spaces in the study area. • Specific to this scenario, any increased employee parking demand within Zone E would need to be satisfied through the use of inventory in nearby zones. Walker recommends the allocation of the 103± employee parking demand generated by the Kline Building be satisfied through the use of available inventory in the High Avenue lot. Use of this lot is limited by capacity to 199 parking spaces and presently serves the half dozen employee parking needs of the Grand Opera House. • As revealed through a stakeholder session with the Director of the Grand Opera House, typically 10-12 times per calendar year, the Grand Opera House schedules weekday matinee performances as ticket sale volume supports. Attendee estimates for weekday matinee performances typically account for 250 patrons. With an average of 2.5 patrons per vehicle, Walker estimates the demand for 100± cars. At the present time, parking inventory is available through the use of the High Avenue lot and available on-street parking inventory. Walker Zone A Supply Occupancy Adequacy Supply+Supply-Adjusted Supply New Demand Projected Adequacy Public Off-Street 33 27 6 0 0 33 3 3 Private Off-Street 131 96 35 0 0 131 10 25On-Street 44 17 27 0 0 44 2 25Sub-total 208 140 68 0 0 208 14 54 Zone B Public Off-Street 192 87 105 0 0 192 9 96 Private Off-Street 349 65 284 0 0 349 7 278 On-Street 71 5 66 0 0 71 1 66Sub-total 612 157 455 0 0 612 16 439 Zone C Public Off-Street 392 205 187 0 0 392 21 167 Private Off-Street 149 122 27 45 0 194 35 37 On-Street 102 69 33 0 0 102 7 26Sub-total 643 396 247 45 0 688 63 229 Zone D Public Off-Street 250 26 224 0 0 250 106 118 Private Off-Street 67 5 62 0 0 67 1 62 On-Street 57 20 37 0 0 57 2 35Sub-total 374 51 323 0 0 374 108 215 Zone EPublic Off-Street 93 46 47 0 0 93 5 42 Private Off-Street 0 0 0 0 0 0 0 0 On-Street 154 53 101 0 0 154 5 96Sub-total 247 99 148 0 0 247 10 138 Zone FPublic Off-Street 318 57 261 0 0 318 79 182Private Off-Street 291 140 151 0 0 291 14 137 On-Street 171 34 137 0 0 171 3 134 Sub-total 780 231 549 0 0 780 96 453 Zone GPublic Off-Street 596 58 538 0 0 596 318 220Private Off-Street 1,500 1,297 203 0 0 1,500 130 73On-Street 0 0 0 0 0 0 0 0 Sub-total 2,096 1,355 741 0 0 2,096 448 294 Total 4,960 2,429 2,531 45 0 5,005 754 1,822 Current Conditions Future Conditions CONCLUSION CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 43 suggests leaving ±90 parking spaces in the High Avenue lot for matinee parking and additional visitor parking needs within zones D and E. Walker recommends the continued discussion with the owner of the unimproved Gunderson Cleaner’s parcel for business expansion needs in Zone D. With the addition of this approximate 40± space parking parcel, weekday employee parking demand may be achieved for smaller office buildings. Exhibit 36: Scenario 4 – Future Parking Adequacy by Zone • The application of a 10% organic growth rate to current parking conditions; the addition of scenario 3 demand; and the redevelopment of the Daily Northwestern property results in an overall parking surplus of 1,696± spaces in the study area. • The redevelopment of the Daily Northwestern Building impacts the off-street parking inventory in Zone F. Walker’s shared parking model estimates the increase demand for 139± parking spaces to adequately support the employee growth relevant to a fully leased building. While the Daily Northwestern provides for 48± spaces on site, Walker estimates an additional 91± parking spaces will need to be provided through the use of the Ceape lot, approximately 1 block south while continuing on State Street. Presently, the Ceape lot provides for 169 public parking spaces. Zone A Supply Occupancy Adequacy Supply+Supply-Adjusted Supply New Demand Projected Adequacy Public Off-Street 33 27 6 0 0 33 3 3 Private Off-Street 131 96 35 0 0 131 10 25 On-Street 44 17 27 0 0 44 2 25Sub-total 208 140 68 0 0 208 14 54 Zone B Public Off-Street 192 87 105 0 0 192 9 96 Private Off-Street 349 65 284 0 0 349 7 278 On-Street 71 5 66 0 0 71 1 66Sub-total 612 157 455 0 0 612 16 439 Zone CPublic Off-Street 392 205 187 0 0 392 21 167 Private Off-Street 149 122 27 45 0 194 35 37 On-Street 102 69 33 0 0 102 7 26Sub-total 643 396 247 45 0 688 63 229 Zone DPublic Off-Street 250 26 224 0 0 250 106 118Private Off-Street 67 5 62 0 0 67 1 62 On-Street 57 20 37 0 0 57 2 35Sub-total 374 51 323 0 0 374 108 215 Zone EPublic Off-Street 93 46 47 0 0 93 5 42Private Off-Street 0 0 0 0 0 0 0 0 On-Street 154 53 101 0 0 154 5 96 Sub-total 247 99 148 0 0 247 10 138 Zone F Public Off-Street 318 57 261 0 0 318 170 91Private Off-Street 291 140 151 13 0 304 62 102On-Street 171 34 137 0 0 171 3 134 Sub-total 780 231 549 13 0 793 235 327 Zone G Public Off-Street 596 58 538 0 0 596 318 220Private Off-Street 1,500 1,297 203 0 0 1,500 130 73On-Street 0 0 0 0 0 0 0 0Sub-total 2,096 1,355 741 0 0 2,096 448 294 Total 4,960 2,429 2,531 58 0 5,018 893 1,696 Current Conditions Future Conditions CONCLUSION CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 44 Exhibit 37: Scenario 5 – Future Parking Adequacy by Zone • The application of a 10% organic growth rate to current parking conditions; the addition of scenario 4 demand; the expansion of existing City Center tenants and development of the remaining 20,000 SF within the City Center results in an overall parking surplus of 1,476± spaces in the study area. • While the total projected parking adequacy in the study area may be positive, there are localized parking improvements that should be considered for the purposes of improving the overall delivery of parking services and access to downtown. • When Scenario 5 is combined with all other scenarios, overall parking surplus within the study area is significantly reduced. Walker cautions toward the underutilization of the Hotel Ramp, the Riverside Park Lot and the Riverside East Lot. The combination of these 3 parking parcels represent 596± parking spaces. Walker recommends maintaining the use of the Hotel Ramp solely for hotel and restaurant patrons. Employees should be directed to park elsewhere during peak activity periods. In addition, the Oshkosh Convention Center requires the use of 96± parking spaces to meet the projected parking demand for employees and conventioneers. The removal of these numbers from the available parking inventory in Zone G leaves 139± spaces in the Riverside Park Lot and 100% of Zone A Supply Occupancy Adequacy Supply+Supply-Adjusted Supply New Demand Projected AdequacyPublic Off-Street 33 27 6 0 0 33 3 3Private Off-Street 131 96 35 0 0 131 10 25 On-Street 44 17 27 0 0 44 2 25Sub-total 208 140 68 0 0 208 14 54 Zone BPublic Off-Street 192 87 105 0 0 192 9 96Private Off-Street 349 65 284 0 0 349 7 278 On-Street 71 5 66 0 0 71 1 66 Sub-total 612 157 455 0 0 612 16 439 Zone CPublic Off-Street 392 205 187 0 0 392 21 167Private Off-Street 149 122 27 45 0 194 35 37On-Street 102 69 33 0 0 102 7 26 Sub-total 643 396 247 45 0 688 63 229 Zone D Public Off-Street 250 26 224 0 0 250 106 118Private Off-Street 67 5 62 0 0 67 1 62On-Street 57 20 37 0 0 57 2 35Sub-total 374 51 323 0 0 374 108 215 Zone E Public Off-Street 93 46 47 0 0 93 5 42 Private Off-Street 0 0 0 0 0 0 0 0On-Street 154 53 101 0 0 154 5 96Sub-total 247 99 148 0 0 247 10 138 Zone F Public Off-Street 318 57 261 0 0 318 248 13 Private Off-Street 291 140 151 13 0 304 62 102 On-Street 171 34 137 0 0 171 3 134Sub-total 780 231 549 13 0 793 313 249 Zone G Public Off-Street 596 58 538 0 0 596 460 78 Private Off-Street 1,500 1,297 203 0 0 1,500 130 73 On-Street 0 0 0 0 0 0 0 0Sub-total 2,096 1,355 741 0 0 2,096 590 151 Total 4,960 2,429 2,531 58 0 5,018 1,113 1,476 Current Conditions Future Conditions CONCLUSION CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Future Parking Conditions 45 the 166± spaces in the Riverside East Lot. When factoring in the use of these spaces remaining spaces to accommodate the employee expansion parking needs of the City Center and the Daily Northwestern Building, the Public Off-Street supply reflects a surplus of ±78 spaces. These ±78 spaces may be found within the Riverside East surface lot. • Options for addressing future parking needs are presented in the following section. A comparative summary of the future parking adequacy by scenario is presented in the following exhibit. Exhibit 38: Summary of Future Parking Adequacy by Scenario Future Parking Planning Scenarios Future Parking Assumptions 1 2 3 4 5 BASE PARKING DEMAND Current Parking Conditions "As Is" x x x x x Organic Growth in Parking Demand (10%) x x x x CHANGES TO CURRENT PARKING SUPPLY Addition of Anchor Bank Parcel x x x x Addition of Daily Northwestern surface lot x x NEW PARKING DEMAND Historic Washington Building (105 Washington Ave.) x x x x First National Bank Building (404 North Main) x x x x Kline Building (217 North Main) x x x Daily Northwestern Building (224 State Street) x x City Center Building (334 City Center) x Future Parking Planning Scenarios Projected Parking Adequacy Supply 1 % Avail 2 % Avail 3 % Avail 4 % Avail 5 % Avail Zone A 208 68 33% 54 26% 54 26% 54 26% 54 26% Zone B 612 455 74% 439 72% 439 72% 439 72% 439 72% Zone C 643 247 38% 229 36% 229 36% 229 36% 229 36% Zone D 374 323 86% 318 85% 215 57% 215 57% 215 57% Zone E 247 148 60% 138 56% 138 56% 138 56% 138 56% Zone F 780 549 70% 453 58% 453 58% 327 42% 249 32% Zone G 2096 741 35% 294 14% 294 14% 294 14% 151 7% TOTAL SURPLUS (DEFICIT) 4,960 2,531 51% 1,925 39% 1,822 37% 1,696 34% 1,476 30% Scenarios defined by the City of Oshkosh CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 46 POLICIES, PRACTICES AND OPPORTUNITIES FOR IMPROVEMENT Prior to building any new public parking in downtown Oshkosh, Walker recommends the City consider changes to current policies and practices. The proposed changes are intended to help improve the overall delivery of parking services. These recommendations are based on input from stakeholders directly impacted by public parking policy and practices. In addition, the recommendations reflect Walker’s analysis of current and future parking conditions, and assessment of current operations. The recommendations for the public parking system can be scaled to support the various needs of a growing and active downtown market. The recommendations are organized and presented in the following categories: • Demand Management • Brand and Sign Package Program • Enforcement • Planning • Technology 1. DEMAND MANAGEMENT There are areas within each zone that temporarily experience high levels of demand that strain local parking supply, while at the same time nearby areas experience a parking surplus. Even though available supply may exist within one or two blocks, these localized “hot spots‟ form perceptions that parking supply is inadequate. Often the solution includes a combination of improving access to the unoccupied public and private supply and long-term consideration for building more proximate supply. It is Walker’s professional opinion that current parking challenges can be improved with a management solution that is foundational for a long-range plan that may include replacing and adding structured parking capacity. Many communities are rethinking how best to address the challenges of parking and pursuing management solutions before committing to a long-term capital investment. This course of action may improve perceptions and increase access to available supply. At the very least, management improvements can help the city mitigate future capital costs by maximizing the use of existing public resources. The parking utilization data and market observations indicate that most patrons are parking for less than two hours and are most likely downtown visitors. The downtown employees are primarily parking in private lots and utilizing nearby on-street spaces unregulated by time limit policy. In areas where private parking is unavailable to the downtown employee, employers are purchasing permit parking in city owned and operated surface lots. For the most part, this allocation of demand aligns with the locations intended for each user group. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 47 Walker takes exception to the use of the Jefferson lot, the Library lot, the Otter lot and the Division Street lot as locations for employee and residential permit parking. These four parking locations, limited by inventory and significant patron usage, should be designated for short-term parking only. As observed during peak weekday occupancy, each these four surface lots represented the highest level of usage (54% - 82%) of any city owned and operated lot. In order to reduce the strain on the short-term parking lots, modifications could help position the Oshkosh Parking Utility to proactively address current and future parking concerns as well as support economic development. Walker recommends the City consider implementing a formal Downtown Employee Parking Program that provides options for long-term parking at different price points. To encourage participation in this program, it would be necessary for the City to market the associated benefits to the local businesses. The employee parking program should offer economic choices that allow employees and employers to select long-term parking options that align with desired levels of convenience and desired price point. Walker likes the use of the 400 Block West surface lot and the Rec. Gym lot to accommodate long-term employee parking needs in the 400 and 500 blocks of North Main Street. Because the use of these parking locations remain limited by inventory, Walker believes a premium permit rate should be establish beyond the present $20 per month or the annual-discounted $210 per year. Employers and employees looking to pay less to park should be offered the $20 rate to park in the Riverside Park Lot and the Riverside East Lot. Walker also recommends the City consider offering longer on-street time limits, up to eight hours, along select roadways where parking turnover is not required to support visitor parking demand. Such areas could be developed near the Court Street/Otter Avenue intersection and points along Ceape Avenue. This policy would offer an economic incentive to patrons, mitigate the risk of receiving a parking citation, and redistribute on-street demand away from congested areas. EMPLOYEE PARKING STRATEGY Walker identified two types of policy measures that can help achieve the broader policy goal of a Downtown Employee Parking Program. They can be divided simply between “push” and “pull” efforts applied to long-term parkers parked in spaces designated for visitors or in areas that are not intended for long-term parking, such as neighborhoods. “Push” policies are focused directly on the behavior of drivers parked in the on-street spaces. They include time restrictions on parkers, pricing on-street parking spaces, and related measures used to enforce compliance of these policies and restrictions. “Pull” policies are essentially policies put in place in locations away from the on-street spaces, which encourage long-term parkers not to park in the coveted visitor spaces, or not park at all, but instead use other means to access the downtown, such as the Oshkosh Go Transit system. “Pull” policies may take the form of incentives to park in certain locations, such as relaxed or eliminated time limits and inexpensive or free parking. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 48 “Push” policies tend to be punitive in nature while “pull” policies are incentives to change behavior. “Pull” policies attempt to make what initially may be an inconvenient choice into a more attractive choice. “Push” policies therefore address the issue at the source whereas “pull” policies tend to work in a more indirect fashion. Because “push” policies are more targeted, they are nearly always more effective than “pull” policies though they require often more effort to implement. “Pull” policies are generally easier or more attractive to implement than “push” policies, primarily because they rely on incentives rather than punishment of drivers who do not follow the desired policies. The most effective policies to improve parking system performance in the study area will combine “push” and “pull” policies. The strategic implementation of such policies is not only desirable, but often necessary in order to achieve the desired parking management goals. Relocating long-term vehicles is a tool. Our goal is to make spaces available for customers and other visitors; not simply relocate vehicles parked in the long term. We therefore note that we are not necessarily focusing on all employee parkers with these policies. 2. BRANDING AND SIGN PACKAGE PROGRAM All too often, municipalities struggle with the best way to communicate parking and transit regulations to the consumer. The most common, and typically cost-effective, approach to regulating both curbside and off-street parking has been through the use of aluminum signs mounted on U-channel poles. Use of this approach affords the opportunity to sign both individual spaces and groups of spaces by regulatory need at a manageable cost by the City. On the flip side, if a municipality isn’t careful, a well-intended sign program can quickly become confusing to the user and strain a department’s budget with constant maintenance and replacement costs. Walker recommends the concept of branding public parking locations with attractive entry signs that display the owner’s logo, street address, hours of operation, and contact information. Providing a standard look for public parking will greatly reduce first-time visitor and patron anxiety when determining suitable locations for short-term parking. In addition, parking locations reserved for employee parking will easily be identified, eliminating the need for further confusion and the potential for towing unauthorized vehicles. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 49 To accommodate this recommendation, Walker recommends the City explore the development of a parking sign ordinance for both private and public parking lot owners to adhere. Walker estimates an initial capital budget line item for the City to be in the range of $35K to $45K. (18 locations at approximately $2,000 per location) Establishing similar criteria, to include items such as sign dimension, font and color, will create a unified and consistent look for the City of Oshkosh. 3. PARKING ENFORCEMENT The perception of on-street parking ordinance enforcement is often negative. The manner in which enforcement is presented to the public is often the reason. Enforcement is seen as punitive, which in many cases it is, but that is not the only role. For this reason, Walker recommends that the City adopt a hospitality-based compliance program for the Downtown area as used successfully in many other cities across the United States. In addition to the hospitality oriented nature of the program, Parking Ambassadors are still required to enforce parking regulations. The mission of a downtown Oshkosh Parking Compliance Program would be to provide hospitality, tourism and public safety services to local citizens, businesses and visitors, in addition to enforcing parking regulations. The Parking Ambassadors would be required to complete a multi-faceted training program in hospitality and customer service, emergency response and first aid, public transportation and City services. They should work directly with local stakeholders and serve as community advocates. The primary goals of the program should be to promote the area, resolve concerns, deter criminal activity, and help make the downtown area a better, safer and friendlier place to live, visit, shop and conduct business. Parking Ambassadors should initiate personal contacts with the parking public (known as “touches”), issue more warnings and slightly fewer citations, and interact with visitors and citizens in a positive manner. The vision of the program is to help promote a progressive and dynamic downtown experience. The ambassadors may accomplish these goals while providing parking management by monitoring public safety, extending a helping hand in emergency situations, and calling on area merchants on a regular basis. Beyond enforcing parking regulations, examples of appropriate behaviors of Parking Ambassadors are: • To greet visitors and offer customer service • To give a friendly face to many people’s initial interaction with the City • To give accurate directions to visitors and direct visitors to destinations CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 50 • To provide information and explain local traffic and parking regulations to seek voluntary compliance • To distribute City brochures and maps • To deter criminal activity by their presence The program is envisioned to initially operate with two full-time ambassadors, and one part-time ambassador working 5 days per week (Monday – Friday) and as needed for special events in the evenings. Initially, the operating times would be business hours (9:00 am – 6:00 pm) however, depending on the success of such a program the hours could be extended into the evening due to the large demand placed on certain areas of downtown after normal business hours. It is important that the officer’s uniforms be highly identifiable. The goal is for them to be identifiable and approachable in both how they look and act. Walker estimates the City’s cost per full-time employee with full benefits to be in the range of $16 to $18 per hour or approximately $33K to $37K per year. Part-time employees without benefits would be $11 to $12 per hour or $17K to $19K per year. 4. PARKING PLANNING There are areas of downtown Oshkosh that temporarily experience high levels of demand that strain local parking supply, while nearby areas experience a substantial parking surplus. Even though available supply may exist within one or two blocks, these localized challenges form perceptions that parking is inadequate. The community can either address the parking challenges by building more supply or better managing the existing resources or a measured combination of both. Many communities are rethinking how best to address the challenges of parking and are pursuing management solutions before committing to a long-term capital investments. This course of action is proven to improve perceptions and increase access to available supply. The following exhibit provides an overview of how communities are starting to think about parking planning. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 51 Exhibit 39: Community Approach to Parking Planning Old Parking Paradigm New Parking Paradigm • “Parking Problem” means inadequate parking supply.  There are many types of parking problems (management, pricing, enforcement, etc.) • Abundant parking supply is always desirable.  Too much supply is as harmful as too little. Public resources should be maximized and sized appropriately. • Parking should be provided free, funded indirectly, through rents and taxes.  Users should pay directly for parking facilities. A coordinated pricing system should value price parking with on-street the highest. • Innovation faces a high burden of proof and should only be applied if proven and widely accepted.  Innovations should be encouraged. Even unsuccessful experiments often provide useful information. • Parking management is a last resort, to be applied only if increasing supply is infeasible.  Parking management programs should be applied to prevent parking problems. CONTINUOUS IMPROVEMENT MODEL The City of Oshkosh should consider the implementation of a Continuous Improvement Model (CIM) for downtown parking. The primary objective of the model is to ensure that adequate supply of appropriately located parking is available to support the community and economic development needs. It is important to ensure that the parking needs of the many people who work and visit the downtown each day are being successfully addressed. The model uses the market data derived from this annual CIM analysis and tracks key performance measurements determined by the City. For example, categories to be tracked may include: • Parking Inventory • Peak Parking Occupancy • Parking Adequacy • Permit Rates • Future Parking Needs • Parking Satisfaction Survey • ADA Compliance and Available Supply • Annual Citations • Citation Rates • Annum Number of Parked Cars CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 52 PARKING PLANNING WORKSHOPS Public parking is interwoven with many aspects of a vibrant downtown community. There are some community members who believe public parking should remain free of charge, and other that believe a public utility should charge market rates. Parking planning workshops, facilitated by City staff, provide an opportunity for community members with different viewpoints on parking to come together, learn, and help shape future parking plans. The placement of parking and budget concerns are two of the most examined parking-related topics. Community members often learn that poorly thought out pricing policies can encourage overcrowding on-street and drivers circling during times of peak demand. The outcome is the result of on-street parking that is, at times, priced too cheaply in relation to parking in the public ramps. The artificially low price drives up demand for the type of parking that is already hardest to find, short-circuiting the free-market functionality that would otherwise allow people to make smart choices about where to park. The result include the scarcity of underpriced on-street parking (near popular destinations), perceptions of inconvenience among potential shoppers, and an underutilization of public off- street ramps and lots. The exhibit to the right illustrates three outcomes from pricing strategies. There is a resistance in some communities to charge for parking out of fear that the added cost will turn customers away. Our research has identified that customers are more concerned with availability and convenience than having to pay a nominal fee to park their car. A fee-based parking program serves as a management tool that aims to increase availability on-street, while offering lower-cost alternatives for long-term patrons. Parking challenges often arise from a community’s desire to offer free, convenient and available parking at all times. The reality is that only two of the three objectives in the previous exhibit can be achieved simultaneously. Walker encourages the City to facilitate annual community workshops on parking to help inform stakeholders of planning initiatives and improve parking policies. This annual process should be part of the Continuous Improvement Model for the Oshkosh Parking Utility. 5. TECHNOLOGY Proven technology advancements in the parking industry can improve the patron experience and financial performance of a public parking system. Outcomes often include more efficient use of public assets, a higher level of customer service, and reduced direct labor costs. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 53 As the City of Oshkosh considers options for promoting and supporting a healthy Parking Utility, Walker suggests the exploration of a paid parking environment. A paid parking environment may involve 100% of the parking inventory or, in the case of a demand management strategy, incorporate just the peak occupancy areas. Whichever the choice, Walker strongly encourages off-street parking be less expensive than on-street parking to maintain premium curbside access to local businesses. In an effort to assist with the discussion on paid parking alternatives, the following list of options provide scalable technology improvements that align with strategic initiatives in other comparable cities. 1. Off-Street Lot Pricing with Parking Kiosk Revenue Controls a. Recommended Strategy: Price parking lots lower per hour than on-street parking to encourage long-term parking off-street and short-term parking on-street. With new kiosk equipment, consider implementing a graduated rate schedule that is appropriate for the local market, equitable to the patron, and supports the financial solvency of the public parking utility. Consider the same low rate for the first 2 hours and reach the daily maximum rate after 4 hours. For example: $1.00 for <2 hours $1.50 for 2-3 hours $2.00 for 3-4 hours $2.50 for 4+ hours Offer a lower evening and weekend rate. For example: $2.00 from 6:00 pm to 6:00 am Monday – Thursday; $2.00 from Fri 6:00 pm to Saturday 6:00 am; and Sundays free 2. Provide on-street multi-space kiosks with the following: a. Coin and credit card processing capabilities (Smart Meters) b. Cellular (preferred) or Wi-Fi connectivity c. Web-based back-end software system that can be accessed from any computer with internet capabilities and the ability to communicate counts (transaction by area, zone, location, street, block-face, etc.) to external systems (signage, website, 3rd party software application) d. Solar power option e. Real-time back-end system connectivity for operational management, support, maintenance, and reporting f. Payment Application Data Security Standard (PA-DSS) validated application (version 2.0 with a date for their 3.0 validation in 2015) g. Payment Card Industry Data Security Standard (PCI-DSS) certified compliant (version 2.0 with a date for their 3.0 validation in 2015) CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 54 3. Offer validations to local businesses – enable downtown merchants to offer free parking to their customers, and help promote off-street parking options. a. Limit the types of validation offered. Maintain a simple validation program to avoid confusion and audit challenges. Avoid providing specific businesses with discounts on validation charges or free validations as this practice can present audit challenges, revenue loss, and be difficult to manage 4. Offer Mobile Payment Application a. Implement a mobile payment option for downtown Oshkosh on-street parking that includes: i. Website, app, phone, and SMS options – mobile payment applications offer a fast and inexpensive way to implement credit card option in the field b. Pass the transaction fee on to the consumer as a convenience fee ($.25 - $.35 / trans added on to total fee) c. Consider a pilot program or trial implementation to be paid for by the vendor of choice i. Install the on-street meter equipment in a highly visible section of Main Street, Commerce Street or within the Jefferson lot and proactively measure and report the results of the pilot program ii. Market the solution, working with the vendor to refine and promote the payment option iii. Allocate staff “ambassadors” to patrol the trial location and promote / assist with the new payment option d. Ensure Payment Application Data Security Standard (PA-DSS) validated application (version 2.0 with a date for their 3.0 validation in 2015) e. Ensure Payment Card Industry Data Security Standard (PCI-DSS) certified compliant (version 2.0 with a date for their 3.0 validation in 2015) 5. Implement Website Improvements a. Improve the interactive parking map to display all public parking locations, hours of operation, costs to park, and citation fees - consider occupancy counts and availability as part of the interactive map b. Integrate online citation payment option (offered now) c. Integrate online citation appeals d. Offer online permit purchasing e. Prepare and provide online access to Annual Public Parking Report that communicates Parking Utility mission and goals, operating and financial figures, current policies, and future plans CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Policies, Practices and Opportunities for Improvement 55 f. Leverage social media presence to announce special event parking plans, policy changes, marketing promotions, and gather feedback from the public – connect Oshkosh Public Parking with downtown stakeholders CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Alternative Analysis 56 ALTERNATIVE ANALYSIS PROPOSED PARKING RAMP SITES Walker has identified four potential sites for the construction of a multi-story ramp. The sites are listed in no particular order on the map below and have been identified based on their central location to the downtown area and their ability to satisfy the demand needs identified in nearby zones. Three of the sites identified are located on City owned land, where surface parking inventory exists today. The fourth site requires the purchase and demolition of any existing privately-owned building coupled with land acquisition costs. 1. High Avenue surface lot – Development of this 99-spaced surface lot would support the expansion needs of the City Center tenants, both today and in the future should the City Center expand the third floor above the 4Imprint tenant space. The development of this site would also serve the Grand Opera House patron parking needs. 2. Kline Building – Most likely the most expensive site to develop into a parking ramp, however the most practical to serve the parking demands from all zones within the study area. With its central location to downtown, this location would support the “park once” campaign suggesting a central location for all visitors to park and walk just two blocks to most destinations in downtown. 3. Ceape surface lot – Similar to the High Avenue surface lot, this site would serve the downtown office tenant expansion and meet the seasonal, special event parking demand specific to destinations in Zone G. During non-special event seasons, this ramp would serve nothing more than daytime office parking inventory. 4. Jefferson Street surface lot – Solely for the benefit of Main Street destinations in the 400 and 500 block of North Main, this location would meet the short-term visitor demands in the downtown area as well as offer an overnight parking options for nearby residents. Walker believes the location of this site would not benefit office tenant expansion nearly as significant as the other sites. 5. City Center parking ramp expansion – Upon meeting with City Center management staff, Walker learned the City Center parking ramp has the capability of adding construction for approximately ±90 parking stalls. The additional spaces would be gained by extending the 3rd floor parking level over the existing uncovered 2nd floor parking level. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Alternative Analysis 57 Exhibit 40: Proposed Parking Ramp Sites CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 58 FINANCIAL CONSIDERATIONS The following section provides analysis of the Parking Utility Fund and identifies opportunities for improving the financial solvency of the Fund. PARKING UTILITY FUND The Parking Utility Fund is an enterprise fund that is intended to maintain financial solvency and not require financial subsidy from the City’s General Fund. The Utility Fund does not collect any tax revenue to pay for operating expenditures and debt obligations. Sources of revenue collected by the Fund include the sale of monthly and daily permits, parking citations, and rental fees. Annual operating expenditures include costs associated with direct and indirect labor, contractual services, utilities, materials and supplies. The historical financial performance of the Parking Utility Fund is presented in the following exhibit. Exhibit 41: Parking Utility Fund – Historical Performance Source: City of Oshkosh, Wisconsin The Utility Fund historically receives financial assistance from the General Fund when revenue collected for parking services are insufficient to pay for associated expenditures. 2012 2013 2014 2015 2015 2016 Actual Actual Actual Actual Estimated Budget Revenue $133,719 $137,453 $130,082 $141,600 $129,800 $132,100 Expenditures $146,223 $144,564 $159,037 $139,500 $134,800 $110,500 Net Income (12,504)(7,111)(28,955)2,100 (5,000)21,600 $(40,000) $(20,000) $- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 59 SOURCES AND USES OF FUNDS Exhibit 42: Sources and Uses of Funds Source: City of Oshkosh Department of Finance, 2015 OPPORTUNITIES TO IMPROVE FINANCIAL PERFORMANCE OF PARKING UTILITY FUND The Parking Utility is designed to be a self-funded operating unit of the local government. However, the historical performance of the Utility Fund indicates an ongoing challenge to maintained financial solvency. This ongoing challenge reflects the local market conditions that exhibit a relatively low level of demand for public parking and a mostly free or low-price parking system. This operating model does not align with the financial objectives of the Parking Utility and arguably results in an inequitable system. As a result, the annual deficit is paid from the General Fund rather than directly by individuals who use the parking system. PAID PARKING SYSTEM The transition to a paid parking system would likely improve the financial performance of the Parking Utility. A paid parking system may include multi-space meters (MSM) located on- and off-street in the core downtown area of Oshkosh. Shown in the following two exhibits are financial projections that reflect a transition to a paid parking system with multi-space meter; on-street only; and on- and off-street combined. Actual Actual Actual Actual Estimated Budget Revenues 2012 2013 2014 2015 2015 2016 Average % of Total Parking Stickers 27,696$ 51,275$ 46,859$ 62,000$ 62,000$ 62,000$ 51,972$ 36% Forfeitures 32,173 22,812 21,133 23,500 16,000 20,000 22,603 15% Overnight Permits 14,224 25,443 20,414 19,000 19,000 19,000 19,514 13% Parking Lot Rentals 41,653 18,910 16,799 14,000 12,000 10,300 18,944 13% B.I.D. District 15,427 14,436 17,992 18,000 15,000 15,000 15,976 11% Transfer from TIF 10 #5274 12,041 12,534 12,809 12,300 11,800 11,800 12,214 8% Meter Fees & Pay Stations 2,546 4,577 6,885 5,100 5,800 5,800 5,118 3% Total Revenue 145,760$ 149,987$ 142,891$ 153,900$ 141,600$ 143,900$ 146,340$ 100% Actual Actual Actual Actual Estimated Budget Expenditures 2012 2013 2014 2015 2015 2016 Average % of Total Payroll - Direct Labor 34,380$ 35,861$ 36,429$ 36,100$ 36,200$ 37,400$ 36,062$ 24% Principal on Bank Loans #2270 48,667 48,667 55,876 33,200 27,800 600 35,802 24% Contractual Services 32,449 27,050 29,996 30,300 30,200 30,500 30,083 20% Payroll - Indirect Labor 18,855 19,491 22,906 25,800 25,800 26,900 23,292 15% Utilities 16,409 18,321 20,320 20,700 20,700 21,300 19,625 13% Interest on Bank Loans #6721 5,660 4,172 3,039 2,000 1,700 1,200 2,962 2% Material & Supplies 1,088 2,768 2,512 2,900 3,400 3,600 2,711 2% Fixed Charges 756 768 768 800 800 800 782 1% Total Expenditures 158,264$ 157,098$ 171,846$ 151,800$ 146,600$ 122,300$ 151,318$ 100% CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 60 Exhibit 43: On-Street Multi-Space Meters – Purchase/Revenue Analysis Source: Walker Parking Consultants 2015 # of Parking Spaces: 599 Meter to Space Ratio 15 :1 # of Multi-Space Meters: 40 Hours of Operation: i.e. 8:00 AM - 6:00 PM 10 Hours/Day Days of Operation: i.e. Monday-Friday minus 10 holidays: 250 Days/Year Occupancy: Average of (23% = 2.5) hours/day pd. parking:23% Estimated cost per multi-space meter, installed:$10,000 Monthly Mgmt/Comm fees per meter, per month:$50 Hourly Hourly Rate Rate $0.50 $0.75 Estimated Daily Revenue Per Parking Space $1.15 $1.73 Annual Revenue Per Parking Space $288 $431 Total Annual Revenue Projection $172,213 $258,319 Estimated Machine Cost (Installed)$399,333 $399,333.33 Spare Parts (3% of Machine Cost)$11,980 $11,980 Estimated MSM Signage, installed (2@$150 per MSM)$11,980 $11,980 Estimated Marketing Costs for MSM Program $30,000 $30,000 Total MSM Implementation Cost $453,293 $453,293 Payback Period (# of Months)32 21 Annual Mgmt. Fees $23,960 $23,960 Labor to maintain repair and collect revenue (2 FTE @ $35K each)$70,000 $70,000 Annual CC Processing Fees (i.e. 50% of Revenue x 10%)$8,611 $12,916 Annual Net after Mgmt. Fees $69,642 $151,443 Five Year Net -$105,084 $303,921 Ten Year Net $243,125 $1,061,135 Ten Year Return on Investment 54%234% PURCHASE/REVENUE ANALYSIS CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 61 Exhibit 44: On- and Off- Street Multi-Space Meters – Purchase/Revenue Analysis Source: Walker Parking Consultants 2015 # of Parking Spaces: 1,774 Meter to Space Ratio 40 :1 # of Multi-Space Meters: 44 Hours of Operation: i.e. 8:00 AM - 6:00 PM 10 Hours/Day Days of Operation: i.e. Monday-Friday minus 10 holidays: 250 Days/Year Occupancy: Average of (26% = 2.5) hours/day pd. parking:26% Estimated cost per multi-space meter, installed:$10,000 Monthly Mgmt/Comm fees per meter, per month:$50 Hourly Hourly Rate Rate $0.25 $0.50 Estimated Daily Revenue Per Parking Space $0.65 $1.30 Annual Revenue Per Parking Space $163 $325 Total Annual Revenue Projection $288,275 $576,550 Estimated Machine Cost (Installed)$443,500 $443,500 Spare Parts (3% of Machine Cost)$13,305 $13,305 Estimated MSM Signage, installed (2@$150 per MSM)$13,305 $13,305 Estimated Marketing Costs for MSM Program $30,000 $30,000 Total MSM Implementation Cost $500,110 $500,110 Payback Period (# of Months)21 10 Annual Mgmt. Fees $26,610 $26,610 Labor to maintain repair and collect revenue (2 FTE @ $35K each)$70,000 $70,000 Annual CC Processing Fees (i.e. 50% of Revenue x 10%)$14,414 $28,828 Annual Net after Mgmt. Fees $177,251 $451,113 Five Year Net $386,146 $1,755,453 Ten Year Net $1,272,403 $4,011,015 Ten Year Return on Investment 254%802% PURCHASE/REVENUE ANALYSIS CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 62 For comparison, three (3) financial pro forma statements are shown that reflect Case 1: Current Utility Fund; Case 2: On-Street Pricing Strategy; and Case 3: On- and Off-Street Pricing Strategy. Pro forma results and assumptions are presented in the following three exhibits. Exhibit 45: Case 1: Current Parking Utility Fund Source: Walker Parking Consultants 2015 City of Oshkosh Parking Utility Fund 2016 Budget 2017E 2018E 2019E 2020E OPERATING REVENUE Parking Stickers 62,000$ 64,000$ 66,000$ 68,000$ 70,000$ Forfeitures 20,000 21,000 22,000 23,000 24,000 Overnight Permits 19,000 20,000 21,000 22,000 23,000 Parking Lot Rentals 10,300 11,000 11,000 11,000 11,000 B.I.D. District 15,000 15,000 15,000 15,000 15,000 Transfer from TIF 10 #5274 11,800 12,000 12,000 12,000 12,000 Meter Fees & Pay Stations 5,800 6,000 6,000 6,000 6,000 Total Potential Gross Revenue (PGR)143,900$ 149,000$ 153,000$ 157,000$ 161,000$ Total Gross Revenue per Space 61 63 64 66 68 OPERATING EXPENSE Payroll - Direct Labor 37,400 39,000$ 40,000$ 41,000$ 42,000$ Principal on Bank Loans #2270 600 1,000 1,000 1,000 1,000 Contractual Services 30,500 31,000 32,000 33,000 34,000 Payroll - Indirect Labor 26,900 28,000 29,000 30,000 31,000 Utilities 21,300 22,000 23,000 24,000 25,000 Interest on Bank Loans #6721 1,200 1,000 1,000 1,000 1,000 Material & Supplies 3,600 4,000 4,000 4,000 4,000 Fixed Charges 800 1,000 1,000 1,000 1,000 TOTAL OPERATING EXPENSES (OPEX)122,300$ 127,000$ 131,000$ 135,000$ 139,000$ Total OPEX per Space 52 54 55 57 59 NET OPERATING INCOME BEFORE REPAIRS & REPLACEMENT 21,600 22,000 22,000 22,000 22,000 Structural Repairs & Replacement (CAPEX Reserve Fund)- - - - - Estimated Net Operating Income 21,600$ 22,000$ 22,000$ 22,000$ 22,000$ CONCEPTUAL ESTIMATE OF ANNUAL DEBT SERVICE Principal Amount for New Parking Ramp (400± Spaces)7,200,000$ Term 20 Rate 4% Average Annual PMT 529,789$ 529,789$ 529,789$ 529,789$ 529,789$ Surplus / (Deficit)(508,189)$ (507,789)$ (507,789)$ (507,789)$ (507,789)$ Estimated Annual Debt Coverage Ratio 0.04 0.04 0.04 0.04 0.04 Average Net Operating Income 22,000$ Assumed Debt Coverage Ratio 1.20 New Annual NOI Available for Payment (PMT)18,333$ Tax-Free Bond Coupon Rate (I)4.00% Amortization Period (n)20 Annual PMT $1.00 Present Value Factor (PV of $1.00 Annual PMT, 20 yr.)$13.59 Amortizable Principle Amount (PMT x PV Factor)249,156$ Rounded 249,000$ Conceptual Estimate of Project Cost 7,200,000$ Projected Funding Surplus / (Deficit) (6,951,000)$ Summary Financially insolvent Parking Utility Fund that requires an annual subsidy from BID and TIF Sufficient Net Operating Income to Support Future Parking Improvements CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 63 Exhibit 46: Case 2: On-Street Pricing Strategy ($0.50/Hour) Source: Walker Parking Consultants 2015 City of Oshkosh Parking Utility Fund 2016 Budget 2017E 2018E 2019E 2020E OPERATING REVENUE Parking Stickers 62,000$ 64,000$ 66,000$ 68,000$ 70,000$ Forfeitures 20,000 21,000 22,000 23,000 24,000 Overnight Permits 19,000 20,000 21,000 22,000 23,000 Parking Lot Rentals 10,300 11,000 11,000 11,000 11,000 B.I.D. District 15,000 15,000 15,000 15,000 15,000 Transfer from TIF 10 #5274 11,800 12,000 12,000 12,000 12,000 Meter Fees & Pay Stations 5,800 172,000 177,000 182,000 187,000 Total Potential Gross Revenue (PGR)143,900$ 315,000$ 324,000$ 333,000$ 342,000$ Total Gross Revenue per Space 61 133 137 140 144 OPERATING EXPENSE Payroll - Direct Labor 37,400 109,000$ 112,000$ 115,000$ 118,000$ Principal on Bank Loans #2270 600 1,000 1,000 1,000 1,000 Contractual Services 30,500 63,571 65,000 67,000 69,000 Payroll - Indirect Labor 26,900 28,000 29,000 30,000 31,000 Utilities 21,300 22,000 23,000 24,000 25,000 Interest on Bank Loans #6721 1,200 1,000 1,000 1,000 1,000 Material & Supplies 3,600 4,000 4,000 4,000 4,000 Fixed Charges 800 1,000 1,000 1,000 1,000 TOTAL OPERATING EXPENSES (OPEX)122,300$ 229,571$ 236,000$ 243,000$ 250,000$ Total OPEX per Space 52 97 99 102 105 NET OPERATING INCOME BEFORE REPAIRS & REPLACEMENT 21,600 85,429 88,000 90,000 92,000 Structural Repairs & Replacement (CAPEX Reserve Fund)- - - - - Estimated Net Operating Income 21,600$ 85,429$ 88,000$ 90,000$ 92,000$ CONCEPTUAL ESTIMATE OF ANNUAL DEBT SERVICE Principal Amount for New Parking MSM Units (40 Units)453,293$ Term 10 Rate 4% Average Annual PMT 55,887$ 55,887$ 55,887$ 55,887$ 55,887$ Surplus / (Deficit)(34,287)$ 29,542$ 32,113$ 34,113$ 36,113$ Estimated Annual Debt Coverage Ratio 0.39 1.53 1.57 1.61 1.65 Average Net Operating Income 88,857$ Assumed Debt Coverage Ratio 1.20 New Annual NOI Available for Payment (PMT)74,048$ Tax-Free Bond Coupon Rate (I)4.00% Amortization Period (n)10 Annual PMT $1.00 Present Value Factor (PV of $1.00 Annual PMT, 20 yr.)$8.11 Amortizable Principle Amount (PMT x PV Factor)600,594$ Rounded 601,000$ Conceptual Estimate of Project Cost 453,293$ Projected Funding Surplus / (Deficit) 147,707$ Summary Financially Solvent Parking Utility Fund No Subsidy from BID or TIF Sufficient Net Operating Income to Support Future Parking Improvements CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 64 Exhibit 47: Case 3: On-Street ($0.50/Hour) and Off-Street ($0.25/Hour) Pricing Strategy Source: Walker Parking Consultants 2015 City of Oshkosh Parking Utility Fund 2016 Budget 2017E 2018E 2019E 2020E OPERATING REVENUE Parking Stickers 62,000$ 64,000$ 66,000$ 68,000$ 70,000$ Forfeitures 20,000 21,000 22,000 23,000 24,000 Overnight Permits 19,000 20,000 21,000 22,000 23,000 Parking Lot Rentals 10,300 11,000 11,000 11,000 11,000 B.I.D. District 15,000 - - - - Transfer from TIF 10 #5274 11,800 - - - - Meter Fees & Pay Stations 5,800 834,869 860,000 886,000 913,000 Total Potential Gross Revenue (PGR)143,900$ 950,869$ 980,000$ 1,010,000$ 1,041,000$ Total Gross Revenue per Space 61 401 413 426 439 OPERATING EXPENSE Payroll - Direct Labor 37,400 109,000$ 112,000$ 115,000$ 118,000$ Principal on Bank Loans #2270 600 1,000 1,000 1,000 1,000 Contractual Services 30,500 123,313 127,000 131,000 135,000 Payroll - Indirect Labor 26,900 28,000 29,000 30,000 31,000 Utilities 21,300 22,000 23,000 24,000 25,000 Interest on Bank Loans #6721 1,200 1,000 1,000 1,000 1,000 Material & Supplies 3,600 4,000 4,000 4,000 4,000 Fixed Charges 800 1,000 1,000 1,000 1,000 TOTAL OPERATING EXPENSES (OPEX)122,300$ 289,313$ 298,000$ 307,000$ 316,000$ Total OPEX per Space 52 122 126 129 133 NET OPERATING INCOME BEFORE REPAIRS & REPLACEMENT 21,600 661,555 682,000 703,000 725,000 Structural Repairs & Replacement (CAPEX Reserve Fund)- - - - - Estimated Net Operating Income 21,600$ 661,555$ 682,000$ 703,000$ 725,000$ CONCEPTUAL ESTIMATE OF ANNUAL DEBT SERVICE Principal Amount for New Parking MSM Units (84 Units)953,403$ Term 10 Rate 4% Average Annual PMT 117,546$ 117,546$ 117,546$ 117,546$ 117,546$ Surplus / (Deficit)(95,946)$ 544,009$ 564,454$ 585,454$ 607,454$ Estimated Annual Debt Coverage Ratio 0.18 5.63 5.80 5.98 6.17 Average Net Operating Income 692,889$ Assumed Debt Coverage Ratio 1.10 New Annual NOI Available for Payment (PMT)629,899$ Tax-Free Bond Coupon Rate (I)4.00% Amortization Period (n)10 Annual PMT $1.00 Present Value Factor (PV of $1.00 Annual PMT, 20 yr.)$8.11 Amortizable Principle Amount (PMT x PV Factor)5,109,045$ Rounded 5,109,000$ Conceptual Estimate of Project Cost 953,403$ Projected Funding Surplus / (Deficit) 4,155,597$ Summary Financially Solvent Parking Utility Fund No Subsidy from BID or TIF Sufficient Net Operating Income to Support Future Parking Improvements CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 65 CONCEPTUAL ESTIMATE OF PROBABLE COST Walker understands that future parking improvements in the study area may be developed as a stand-alone parking ramp or incorporated with the design of a future mixed-use building. A parking facility that is built into a project as either the upper or lower floors of that development, compared to a stand-alone parking facility, requires in most cases that the garage use short- span construction. Short-span construction uses an increased number of columns to support the weight of the structural elements above it. In short-span construction, the column grid is roughly 30 feet on center. The efficiencies of short-span construction are less than long-span construction because of the column projections that interfere with the parking layout. A typical short-span construction garage has an efficiency in the range of 400-450 square feet per space, depending upon the geometrics of the footprint. If the ramp is a stand-alone structure, the columns can be located at the front of the parking stalls so that there are no column projections; this is long-span construction. The efficiency of the garage can be increased to an approximate range of 315 to 350 square feet per space, depending upon the geometrics of the footprint. The increase in efficiency is due to the ability to increase the number of parking spaces inside the same footprint. The cost of parking ramps vary greatly based on site location, architectural features, sustainability features, and whether the facility is above or below-grade. A reasonable range for an above-grade, 400 – 500 space parking facility is $16,000 to $20,000 per space, assuming long-span construction. The cost per space can increase significantly when built below ground. A reasonable conceptual estimate of project cost for a 400-space, above grade parking ramp is $7.2 million ($18,000 per space, 400 spaces). The cost would increase if levels are built below grade. Many communities recognize that parking structures can be architecturally appealing and enhance a downtown area. If the City decides to build a new parking ramp, Walker recommends the City consider design options that reflect community preferences. OPERATING COST Walker’s 2014 research indicates actual operating expenses that range from $300 to over $1,000 per space annually. The operating costs are lower at facilities that do not maintain revenue and access controls, and have limited hours of operation. Conversely, operating costs are higher at facilities that are staffed; monitor access to the property with revenue and access controls; and operate 24 hours, 7 days a week. A reasonable planning budget is $600 per space annually for a well maintained and part-time staffed parking facility. This includes labor, insurances, routine maintenance, utilizes, and supplies. For a 400-space parking ramp, the annual operating expenses are projected at approximately $240,000. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 66 BREAKEVEN PRICING The following exhibit provides a contextual reference of the revenue needed for a freestanding parking ramp to breakeven. If we assume a $17,000 to $18,000 range for cost per space and annual operating expense of $550 to $650 per space, the breakeven monthly income per space would range from $150 to $165. This table demonstrates why most municipal parking ramps are financed and operated as part of a larger fee-based parking system. The insolvent parking ramps are often subsidized by more profitable on-street parking or older assets in the portfolio that no longer have debt obligations. This approach allows for a municipality to charge fees that are below breakeven if lower market rates dictate. Exhibit 48: Breakeven Considerations – Monthly Income Required to Breakeven Assume 100% Financed, 20-Year Term, 4.0 Percent The City of Oshkosh’s current monthly permit rates are $20.00 and the total annual revenue per space collected by the Parking Utility from all revenue sources is approximately $61. ANNUAL DEBT SERVICE The current financial position of the Parking Utility is negative and requires a financial subsidy from non-parking related sources to breakeven. The Parking Utility would not qualify for financing as an independent utility fund. This is a function of the local volume of daily and monthly demand, current market parking rates, and current operating policies. A new debt obligation associated with a 400± space ramp requiring a $7,200,000 bond issuance would further cause the Parking Utility to be insolvent. The annual debt service payment is estimated at approximately $530,000. $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 10,000$ 86 90 95 99 103 107 111 115 120 124 11,000$ 92 97 101 105 109 113 117 122 126 130 12,000$ 99 103 107 111 115 119 124 128 132 136 13,000$ 105 109 113 117 121 126 130 134 138 142 14,000$ 111 115 119 123 128 132 136 140 144 148 15,000$ 117 121 125 129 134 138 142 146 150 154 16,000$ 123 127 131 136 140 144 148 152 156 161 17,000$ 129 133 138 142 146 150 154 158 163 167 18,000$ 135 140 144 148 152 156 160 165 169 173 19,000$ 142 146 150 154 158 162 167 171 175 179 20,000$ 148 152 156 160 164 168 173 177 181 185 21,000$ 154 158 162 166 170 175 179 183 187 191 22,000$ 160 164 168 172 177 181 185 189 193 197 Annual Operating Expense Per SpaceCost per Space CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Financial Considerations 67 STRUCTURAL REPAIR BUDGET In addition to annual debt service and operating expenses, when considering the construction of a new parking ramp Walker highly recommends that future funds be set-aside on a regular basis to cover structural maintenance costs at a minimum of $60 per structured space annually, to be placed in a sinking fund. Once a sinking fund is established, contributions to this fund accumulate over time and are available to cover structural maintenance and structural repairs. Even the best designed and constructed parking facility requires structural maintenance. For example, expansion joints need to be replaced and concrete invariably deteriorates over time and needs to be repaired to ensure safety and to prevent further deterioration. The structural maintenance cost typically represents the largest portion of the total maintenance budget. Property owners tend to grossly underestimate the structural maintenance cost and do not budget adequately for timely corrective actions that must be performed to cost effectively extend the service life of the structure. The cost of structural maintenance is relatively small considering the potential waste of the improvements associated with the failure to perform proper maintenance on a timely basis. The periodic structural maintenance includes items such as patching concrete spalls and delaminations in floor slabs, beams, columns, walls, etc. In many instance there are maintenance costs associated with the topping membranes, the routing and sealing of joints and cracks, and the expansion/construction joint repairs. The cost of these repairs can vary significantly from one structure to another. The factors that will impact the maintenance cost include, but are not limited to the value the owner places on the maintenance of the facility, the local climate, and the age of the structure. CITY OF OSHKOSH DOWNTOWN PARKING STUDY FINAL REPORT DECEMBER 23, 2015 Statement Of Limiting Conditions 68 STATEMENT OF LIMITING CONDITIONS This report and conclusions are subject to the following limiting conditions: 1. This report is based on some assumptions that are outside the control of Walker Parking Consultants/Engineers, Inc. (“Walker”) and/or our client. Therefore, Walker does not guarantee the results. 2. Projections, forecasts, and conclusions presented in this report are dependent on future events and future projects. Failure to complete these projects as described to Walker and within the timeframe represented to Walker will have a material impact on the accuracy of the conclusions of this study and report. 3. The results and conclusions presented in this report may be dependent on future assumptions regarding the local, national, or international economy. These assumptions and resultant conclusions may be invalid in the event of war, terrorism, economic recession, rationing, or other events that may cause a significant change in economic conditions. 4. Walker assumes no responsibility for any events or circumstances that take place or change subsequent to the date of our report. 5. All information, estimates, and opinions obtained from parties not employed by Walker, are assumed to be accurate. We assume no liability resulting from information presented by the client or client’s representatives, or received from third-party sources. 6. This report is to be used in whole and not in part. None of the contents of this report may be reproduced or disseminated in any form for external use by anyone other than our client without our written permission. 7. The projections presented in the analysis assume responsible ownership and competent management. Any departure from this assumption may have a negative impact on the conclusions. 8. Computer models that use and generate precise numbers generate some of the figures and conclusions presented in this report. The use of seemingly exact numbers is not intended to suggest a level of accuracy that may not exist. A reasonable margin of error may be assumed regarding most numerical conclusions. Conversely, some numbers are rounded and as a result some conclusions may be subject to rounding errors. The model is intended to offer order of magnitude estimates. This analysis is not intended to be used for financing purposes. 9. This report was prepared by Walker Parking Consultants, Inc. All opinions, recommendations, and conclusions expressed during the course of this assignment are rendered by the staff of Walker Parking Consultants as employees, rather than as individuals. 10. The financial projections presented in this report are intended for internal planning purposes and are not intended for the purpose of obtaining third-party financing.