3. 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
4. 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)
5. 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
