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11/18/2013 CAPCOA <br /> • � • <br /> MP#LU-1.7 PDT-2 Parking Policy/ Pricing <br /> Where: <br /> • -0.4 = elasticity of vehicle ownership with respect to total vehicle costs (lower end <br /> per VTPI) <br /> • Change in vehicle cost = monthly parking cost * (12 / $4,000), with $4,000 <br /> representing the annual vehicle cost per VTPI [1] <br /> • A: 85% = adjustment from vehicle ownership to VMT (see Appendix C for detail) <br /> Assumptions: <br /> Data based upon the following references: <br /> [1] Victoria Transport Policy Institute, Parking Requirement Impacts on Housing <br /> Affordability; http://www.vtpi.org/park-hou.pdf; January 2009; accessed March 2010. <br /> (Annual/monthly parking fees estimated by VTPI in 2009) (p. 8, Table 3) <br /> o For the elasticity of vehicle <br /> ownership, VTPI cites Phil Goodwin, Joyce Dargay and Mark Hanly <br /> (2003), Elasticities Of Road Traffic And Fuel Consumption With Respect <br /> To Price And Income:A Review, ESRC Transport Studies Unit, University <br /> College London (www.transport.ucl.ac.uk), commissioned by the UK <br /> Department of the Environment, Transport and the Regions (now UK <br /> Department for Transport); J.O. Jansson (1989), "Car Demand Modeling <br /> and Forecasting," Journal of Transport Economics and Policy, May 1989, <br /> pp. 125-129; Stephen Glaister and Dan Graham (2000), The Effect of Fuel <br /> Prices on Motorists, AA Motoring Policy Unit (www.theaa.com) and the UK <br /> Petroleum Industry Association <br /> (http://195.167.162.28/policyviews/pdf/effect fuel�rices.pdf); and <br /> Thomas F. Golob (1989), "The Casual Influences of Income and Car <br /> Ownership on Trip Generation by Mode", Journal of Transportation <br /> Economics and Policy, May 1989, pp. 141-162 <br /> Emission Reduction Ranges and Variables: <br /> Pollutant Category Emissions Reductions <br /> COZe 2.6— 13% of running <br /> PM 2.6— 13% of running <br /> CO 2.6— 13% of running <br /> 5a The percentage reduction reflects emission reductions from running emissions. The actual value will <br /> be less than this when starting and evaporative emissions are factored into the analysis. ROG emissions <br /> have been adjusted to reflect a ratio of 40% evaporative and 60% exhaust emissions based on a <br /> statewide EMFAC run of all vehicles. <br /> 211 PDT-2 <br /> 5 RESO.#15305 <br /> MUFF#603 <br />