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11/18/2013 CAPCOA <br /> • • . • <br /> PDT-3 Parking Policy/ Pricing <br /> The TCRP 95 Chapter 13 [3] report looked at a case study of the city of San Francisco <br /> implementing a parking tax on all public and private off-street parking (in 1970). Based <br /> on the number of cars parked, the report estimated parking price elasticities of -0.19 to - <br /> 0.48, an average over a three year period. <br /> Alternate: <br /> • -0.15 VMT elasticity with respect to parking prices (for low density regions) <br /> • -0.47 VMT elasticity with respect to parking prices (for high density regions) <br /> The Moving Cooler analysis assumes a 25 percent increase in on-street parking fees is <br /> a starting point sufficient to reduce VMT. Using the elasticities stated above, Moving <br /> Cooler estimates an annual percent VMT reduction from 0.42% - 1.14% for a range of <br /> regions from a large low density region to a small high density region. The calculations <br /> assume that pricing occurs at the urban central business district/employment cent/retail <br /> center, one-fourth of all person trips are commute based trips, and approximately 15% <br /> of commute trips are to the CBD or regional activity centers. <br /> Alternative Literature References: <br /> [3] TCRP Report 95. Chapter 13: Parking Pricing and Fees - Traveler Response to <br /> Transportation System Changes. <br /> http://onlinepubs.trb.org/online up bs/tcr /n tcr�nt 95c13.�f (p.13-42) <br /> Other Literature Reviewed: <br /> None <br /> 216 PDT-3 <br /> 10 RESO.#15305 <br /> MUFF#603 <br />