ARE YOU TRYING TO GET YOUR HEAD AROUND THE COST OF PARKING?
Owners need to know what it costs to deliver parking to their campus or development.
How parking is delivered is the key to optimizing your cost of development while still providing safe and patron friendly parking solutions.
Parking, especially structured parking, traditionally has been a considerable cost of development and site planning, this will be no different in the future.
As the construction industry regains it's footing we should re evaluate how we meet our development proformas in the new economy and determine what is needed in the near and long term for our optimal parking planning.
Local codes, FAR, balanced site requirements (urban vs. suburban), sustainability, durability, patron friendliness, safety, operating costs, maintenance and the hidden costs of preserving infrastructure are drivers for all parking approaches internationally.
To follow are "LINKS" to several interesting articles that may be a helpful place to start when you start considering what you want for parking and a suitable parking approach for your campus or development.
Knowing your costs, both capital and hidden, is the first step in insuring your team of consultants and contractors deliver what you want. Having experts tell you what you need and setting your proforma and expectation with the smartest person at the table or "group think" will never guarantee that you "get what you want". Parking is "simply the creation of new land", nothing else and it needs to be approached with this in mind inevitably taking into account your local neighborhood, campus, traffic patterns, usage, patron friendliness, and safety.
Setting the expectation and the goal posts is the owner's most important first step in having the most affordable and patron friendly parking solution for their campus or development. Leaving the details up to the experts has been the way parking has been delivered for the past twenty years, but in the new economy a different more collaborative, affordable and informative approach to parking plannig will yield the optimal/greatest value for each unique/individual clients campus or development.
I hope the following will help you in setting your unique "parking expectation" as you investigate what you want your team to deliver in the end. Critical thinking, collaboration, transparency and setting the goal vs. group think, in the end, will always lead you to best value.
To be clear, experts are vital to a parking developments success, however knowing what "you" (the individual and unique client) "wants" is ultimately the most important step in delivering "you" what "you" expect.
US PARKING COST ESTIMATES:
Transportation Cost and Benefit Analysis II – Parking Costs (Victoria Transport Policy Institute)
PARKING GARAGE DESIGN GUIDE:
Whole Building Design Guide – Parking Garages (National Institute of Building Sciences)
PARKING SPACE AUCTIONS:
THE COST OF URBAN PARKING:
THE HIDDEN COSTS OF PARKING:
"Price is what you pay. Value is what you get" - Warren Buffet (1930- )
"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)