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Carr lot-slideshow-2006
1.
2. • Mult i-Modal TransIt Center (Bus Station)
• Bike PathIPedestrian Bridge
• Confluence Park at Winooski & No. Branch
• Visitor/Tourist Welcome Center
·345 Space Parking Facility
• Hazardous Site Remediation
• CommcrciaVHousing Development - upper floors
3. - Capital District Master Plan done 1998-~OOO
- Plan was product of City/State Conunission, a
body representing the Legislature, the State
Administration and the City of Montpelier.
-Work completed by Gossens-Bachman, reviewed
publicly m 2000
• Adopted by Legislature, Vt. Dept. OfBldgs &
Gen Services, City Council and Planning Comm.
4. • Transit Center on Taylor St Lot (Carr Lot)
• BikelPed path across Carr Lot adJaec!!~ ~o ri,-;er
with bride crossing the North Branch
• Green SpacclPark at confluence of rivers
• Parking facility at No. Branch Lot (Jacobs Lot)
• Private Bldg developed at 60 State St (Heney Lot)
• Preserved Truss Bridge at Taylor Street
5. • Consider the 106 - 4 (I) parking decision
-
• Consider parking choices if necessary
• Decide to cnd project
• Or ... Express support for project so that additional
funding can be enthusiastically pursued.
• Project is largely defmed, funding is mostly in
place. Once parking issue is resolved, its time to
make a decision!
6.
7.
8. - Implementation of Capital District Plan
·345 (168 net new) owned parking spaces
-Very low cost per space for new parking
- Parking cost INCLUDES all other project elements
- Bike PathlPed Bridge, Confluence Park, Transit
Center, Upper Floor Development and remediation.
- S800K Bond yields S~l . ~M downtown investment
10. • Total Parking Facility Cost - SII ,I "",511
• Total Cost for 345 spaces = $32,'239 per space
• City Sharc for entire project ~ $",319,567
• City Sharc for 345 spaces ~ $6,7C3 per space
-1 68 net new spaces = $13,807 per space
11. How will this get paid off?
Totill ".K,ilI coSls
Mo ri h~ r"ve ru e r" ,,-, roo to Wle< am "", co% SlO,703
S60.01
Mrnttly fee req " red@roo l>: ooocc l.l ,",CY 80% 276 spaces S75.01
Potential adJ l irn ai <f1 ru al r.... em e if 1 00 % lu i 69 spaces $5,175.66 rrmttt,' S62.100
An rrn l co% Ie.' orO;j nal $000,0 00 bam (20 years@5%)
Pote<1ti oi net onrm. co,;! to el y
12. Back to the local share .....
Solli e"" of Loc<'ll S h1l e flIII"S: Sl.J I9,567
Ap ll'oved Brn d $8 00 ,00 0
Leasa'sale Ie.' Uw er (OctS $329, 00 0
SlIb 101<11 SI.1 29,OOO
N<l 1 be n",.,eed
0 Sf.f90,567
An ru ai co% aI 5% rn lOy",.- brn d $119,057
An ru ai 0 & M co';'s!or Qara(le 3(5 spaces $375 each $129,375
T01ill ,." Il,ilI cos'" Sl.w.4 32
13.
14.
15. 177 spaces in Taylor & North Branch
63 spaces ill 60 State Street
·485 in other lots
·400 on street, metered
-1,1:25 total "managed" parking spaces
·447 (40%) leased, 678 (60%) owned
• 168 net new spaces would increase inventory by
15% with 270 (21 %) leased and 1,023 (79%)
owned.
16. • Capital Plaza - '207 Leased spaces
• Stone Cutters Vay - 108 owned spaces
"Blanchard Court - 105 owned spaces
• Pitkin CoLut - 65 owned spaces
"485 other spaces in lots, 278 (57 .3%) owned
·400 on street metered spaces - owned
17. Current Parking Scenario
Taylor Sl LOI- lID leased spaces
-No. Branch Lot - 67 leased spaces
-177 leased spaces displaced by this project -
replaced by 345 owned spaces. N cl gain of 168
spaces.
·60 Slale Sl Lot - 63 leased spaces. May be
privately developed and spaces lost whether or not
Carr Lot project moves ahead.
18.
19. OUS SJATIDM S/510PSflIR .... AlS
~ ..... ""'" ore .. ........... ore
,oap~,,,,,
C""'" "",on
$162,892
~".,
$3pl1 ,IDl
$U6,803
$4 U ,<OO
$2,S<0.960 _
.. .'"
...,.. .'" $1&,289
$111,100
$3 82,I9S
Emonce more. (Bo'. p..h.tlri<llle) $1 .1)63 ,800 ~67,G4 $ ' G4.273 $112,503
.."
TOIAIS U,41I,lIl S4,U!,11I S~I,!,. $i2l,l.,
REPLACE 11'1 N1 PM.'NG ~",'22,511 ~ ,9 05 , 3 11 S' ,009 ,50 0 $1,141,1'1
.
INfORMIITION CI " II II $156,00') $1 ::s , ~~O S, 2,aeo $11,411
CONflUENO PAR. $630,00:1 $252,00:1 5252.000 $12i,100
UPPI II f LOOII DI IIll t1P ~,. NT
HAlAJIDIlU S $Iff III"" DIATIDII
$3,602,_
lT6,:nI
"
" .
$0 l3,<13,4110
'"
$]2!.-
$15,_
101 AI. S $l1,lil,lll sn"ll,11' " ,/lJJ" 1l ,. ' J,411 $l,ln,5i1
20. • March 5, "00" - Article I " (by petition) saId.
" .... to borrow a SlUU not to exceed $800,000 for the
City's share of acquisition and development of the
Capital DIStrict Master Plan Carr Lot Project: the
purchase of the so-called Carr Lot and cons truction
of improvements thereon for a park ancVor public
transit center ancVor a tourist infonnationlwelcome
center and/or a public parking lot and/or a
transportation path."
21. • Carr Lot CommIttee was fonned
"City passed an $800,000 bond on March 5,2002
"Federal Transit (FTA) and Federal Highway
(F1-IWA) appropriations were made as a result of
efforts by Senators Jeffords and Leahy .
• Wilbur Smith Associates was selected to do
required Environmental Assessment Vork