AgdaPkt 2014-04-28 - Laserfiche WebLink

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9.A. - Page 7 Additional Public Parking As conceived of in the scope of the parking study, and consistent with Council direction to explore opportunities for new parking supply, CDM Smith worked with staff to evaluate potential sites to house a new parking structure. Although there has been discussion for years about placing a parking garage on the Main Street lot, staff chose to also explore opportunities that might be provided by other sites. After a review of downtown sites which considered the practicality of land acquisition, accessibility of the site to downtown attractions, effect of new traffic, potential users, and potential for joint- development, staff determined the best opportunities to be: • Main Street Lot — this city-owned lot could be developed into a multi-level parking structure independently or could be combined with the redevelopment of the adjacent properties between the lot and Jefferson Avenue. • Sequoia Station Parking Lot and SamTrans Bus Station — owned by the Peninsula Corridor Joint Powers Board, this site could be a jointly redeveloped as a multi-modal transportation hub to serve SamTrans, Caltrain and the parking needs of downtown businesses and visitors. The construction cost for these parking facilities is estimated at roughly $35,000 per parking space. Depending on the configuration — a Main Street garage with 425 to 600 spaces would cost between $15 and $21 million. At Sequoia Station, a garage of 480 to 615 spaces would cost between $15 and $22 million. Additional detail is available in the Parking Facility Screening Memorandum attachment. There is historical interest in building a garage on the City's Main Street lot given its central location and relatively good parking geometry. The difficulty of this site is the loss of public parking during the construction of any facility. The positives for this site include considerable private sector interest in developing a joint-use facility. Development of a parking structure on the SamTrans property would be equally as complicated as the Main Street lot, especially with the construction impacts of lost public spaces. This site could provide support for the retail and office uses along and near the 2600 block of Broadway, as well as support commercial development of other SamTrans property. Due to the involvement of another public agency, it would probably take longer to develop this property than the Main Street lot. In light of this information, staff recommends continued discussions with private developers to explore the potential for a joint-use parking facility on the Main Street parking lot. If this approach does not appear to be viable, staff recommends the issuance of a request for proposals for design services. Construction of a new facility in downtown would not be initiated prior to the completion of the Crossing 900 project and the opening of its parking to the public in the evening and on weekends. Updates on other items of interest The following outlines work completed and planned next steps in response to Council suggestions and recommendations: