July 25th 2013
Background
 NG parking enterprise fund not operating
at full cost recovery
 NG parking assets aging
 Restructured NG st...
Budget Committee
 Approved with modifications (free lunch parking
and limits on street meters after 5:00 pm)
Northgate Di...
Current Rate New Rate Projected Annual
Revenue
Parking Garage
(Game Day Rate)
$10.00 (flat rate) $20.00 (flat rate) $27,50...
July 25th 2013
Northgate Parking Rates
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Northgate Parking Rates

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Northgate Parking Rates

  1. 1. July 25th 2013
  2. 2. Background  NG parking enterprise fund not operating at full cost recovery  NG parking assets aging  Restructured NG staff and delayed capital projects to reduce costs and delay expenses  Parking rates need to change to bridge the fiscal gap
  3. 3. Budget Committee  Approved with modifications (free lunch parking and limits on street meters after 5:00 pm) Northgate District Association  Requested the free lunch time be extended from 1:00 pm until 2:00 pm  Requested an “early bird” rate at the parking garage on peak nights  Suggested other rate adjustments (game day adjustments for parking lot and street meters)
  4. 4. Current Rate New Rate Projected Annual Revenue Parking Garage (Game Day Rate) $10.00 (flat rate) $20.00 (flat rate) $27,500 Surface Parking Lot (Peak Hours Only) $2.00/hour $2.50/hour $94,500 Surface Parking Lot (Game Day Rate) $2.00/hour $3.50/hour $14,400 Surface Parking Lot (Lunch Hours) $.75/hour Free ($23,800) Street Meters (Peak Hours Only) Free $2.50/hour $59,900 Street Meters (Game Day Rate) $2.00/hour $3.50/hour $7,650
  5. 5. July 25th 2013

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