Michael A. Cotter Borough Manager 23 August 2017

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Presentation transcript:

Michael A. Cotter Borough Manager 23 August 2017 Parking Revenue Usage Michael A. Cotter Borough Manager 23 August 2017

Outline Parking Management - Why Parking Fund Sources and Uses of Revenue Parking Revenue Transfer Issues to Address

Why Parking Management? Parking to Support Residential Demand RPP Program Parking to Drive Economic Development Business Development Event/Entertainment Management Parking to Manage WCU and County operations New St Garage (WCU) Sharples St Garage (WCU) Matlack St Garage (WCU) Lot 6 (County)

Parking Enterprise Fund Revenue ($6.286M) Meter Parking ($1.57M) Garage and Surface Lot Parking ($1.8M) Daily and monthly leases WCU Payments (Debt service) ($1.14M) Enforcement ($1.2M) Use of Revenue $1.286M for Operations $990K Salary and Benefits $2.17M for Debt Service $471K for Capital Improvements $1.5M Transfer to General Fund

Parking Revenue Transfer Parking Revenue Transfer to General Fund - Why? Evolving Rationale Across Decades Increase in Number and Scope of Events Corresponding increase in need for police and public works employees Borough Growth Regional entertainment destination (26 liquor licenses) Retail Theatre Hotel Restaurants BID/Economic Development support Need to Re-Examine the Assumptions and Implement Strategic and Tactical Solutions

Part of Future MPP Parking Pricing Discussions Issues to Address Parking Fund Related Capital Improvements Capital Reserves MPP Implementation Increased Capacity TDM Guidance Systems/Wayfinding Electric Charging Customer Experience Apps Pay Station Enforcement Part of Future MPP Parking Pricing Discussions General Fund Related Economic Development Event and Entertainment Destination Management Police and other first responders Public Health Town Center street sweeping, vector management, and refuse/recycling collection

Issues to Address Economic & Community Development Reinvesting revenue in the community Mitigate externalities Reduce/eliminate subsidies Improving economic competitiveness and vitality BID Support Economic Development Planning Economic Development Management Streetscape Improvements Enhancing Walkability

Issues to Address Event and Entertainment Destination Management Reduce impacts from the density of people and nighttime social activity. Assure safety, enhance vibrancy and plan for people Nightlife development and policy-setting Police and other first responders Public Health Town Center street sweeping, vector management, and refuse/recycling collection Event Safety

Next Steps Develop Consensus on Issues to Address i.e. what General Fund services Parking Revenue should be supporting Staff Development of Data Level(s) of support Staff Recommendation(s) to Council e.g. Parking revenue should support X police officers compensation