A new parking structure that the City of Carlsbad says we need will cost nearly $31,000 per parking spot if city estimates are correct. The 200 to 250-space parking structure could cost a total of $6 or 7 million, according to a Barbara Henry story in the North County Times.
There are two questions now facing Carlsbad officials: The first is whether to raise the in-lieu parking fee Carlsbad charges developers in the downtown in order to add more money to the parking structure fund. The second is whether to go for a shared parking structure project with the North County Transit District, which owns the downtown Coaster train station, officials said.
We’re no experts, but a shared parking structure seems like the best idea, and it would be even better if most of it was underground. Can they do that for us?
[Link: North County Times]
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There are always ways to determine the best course forward when a parking program and budget are not in line with each other.
At SDE we have an established history of helping clients find the optimal solution for their parking programs.
Temporary Parking, Automated Parking and Public Private Ventures for the develpment of parking are just a few.
Preserving Capital in todays shrinking lending market is important and SDE can help programmers find a better way.