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11/18/2013 CAPCOA <br /> • • • <br /> PDT-3 Parking Policy/ Pricing <br /> • Percent increase in on-street parking prices (minimum 25°/a needed) <br /> Mitigation Method: <br /> % VMT Reduction = Park$ * B <br /> Where: <br /> Park$ = Percent increase in on- <br /> street parking prices (minimum of 25% <br /> increase [1]) <br /> B = Elasticity of VMT with <br /> respect to parking price (0.11, from [2]) <br /> Assumptions: <br /> Data based upon the following references: <br /> [1] Cambridge Systematics. Moving Cooler. An Analysis of Transportation <br /> Strategies for Reducing Greenhouse Gas Emissions. Technical Appendices. <br /> Prepared for the Urban Land Institute. (p. B-10) <br /> Moving Cooler's parking pricing analysis cited Victoria Transport Policy <br /> Institute, How Prices and Other Factors Affect Travel Behavior <br /> (http://www.vtpi.org/tdm/tdm11.htm# Toc161022578). The VTPI paper <br /> summarized the elasticities found in the Hensher and King paper. David A. <br /> Hensher and Jenny King (2001), "Parking Demand and Responsiveness to <br /> Supply, Price and Location in Sydney Central Business District," <br /> Transportation Research A, Vol. 35, No. 3 (www.elsevier.com/locate/tr�, <br /> March 2001, pp. 177-196. <br /> [2] J. Peter Clinch and J. Andrew Kelly (2003), Temporal Variance Of Revealed <br /> Preference On-Street Parking Price Elasticity, Department of Environmental <br /> Studies, University College Dublin (www.environmentaleconomics.net). (p. 2) <br /> http://www.ucd.ie/qpep/research/workinaqapers/2004/04-02.pdf As referenced in <br /> VTPI: http://www.vtpi.org/tdm/tdm11.htm# Toc161022578 <br /> Emission Reduction Ranges and Variables: <br /> Pollutant Category Emissions Reductions <br /> COZe 2.8—5.5°/a of running <br /> 55 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 /> 214 PDT-3 <br /> $ RESO.#15305 <br /> MUFF#603 <br />