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NJ Future Redevelopment Forum 2017 Zullo

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The Future of Parking, Today

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NJ Future Redevelopment Forum 2017 Zullo

  1. 1. Future of Parking Today New Jersey Future March 10, 2017 Jim Zullo, AICP, CAPP
  2. 2. Smart Growth – Requires Structured Parking • Necessary to achieve density • A CRITICAL economic factor • How much parking is the question? Cost • $60 - $65 / SF for structured parking • $20K - $25K / space • Operating cost - $400- $500 / space /year • $150-$175 / month per space • Debt service, operating cost, capital reserve
  3. 3. Parking Planning Strategies for Smart Growth • Right Size! • Apply appropriate parking ratios • Apply Parking Maximums vs. Minimums • Share Parking to greatest extent • Maximize on-street parking • Reduce demand - shared car / bike services • Apply market rate parking fees / Unbundle parking costs • Use high standard parking design and planning • Integrate with other uses • Make it sustainable • Identify creative partnerships and financing • Manage parking as a system • Use Technology - convenience
  4. 4. Parking Today
  5. 5. • Pay by cell • Credit card enabled meters • Parking guidance systems • Parking Apps • Dynamic rate changing • Sensors to locate open spaces and direct enforcement • Mobile Apps to find, reserve/ pay for parking • The Internet of Things Parking Technology
  6. 6. Best Applications • Constrained sites / Infill • High density / urban • High Land value! Considerations • Throughput requirements • Redundancy / Operating costs • Problems / Slow adaption / Problems o Hoboken - $1M in repairs o Brickell House Miami – Closed o Maryland Garage - Closed Automated Parking “Road to Robotic Parking Is Littered With Faulty Projects” By Frances Robles NOV. 27, 2015
  7. 7. Source: The Parking Professional, January, 2017 Ditching Drivers
  8. 8. Source: Boston Consulting Group, Rendering courtesy of Arrowstreet Inc. Conventional Garage Accommodating Autonomous Vehicles Garage
  9. 9. Source: Boston Consulting Group, Rendering courtesy of Arrowstreet Inc. Autonomous Vehicles Garage
  10. 10. The Future of Parking
  11. 11. “ Parking has been a key determinant of human life since at lease the 7th century B.C.” “Twenty seven Hundred Years Later, the pivot of urbanity and civilization at the approach of the twenty-first century is still, as it turns, parking.” Edge City, Joel Garreau – Published in 1991 The Future of Parking

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