Proposed HMS Parking Deck Options and Future Parking Needs Analysis. February 21, 2017 Memorial Hall

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Lambert Houston
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1 Proposed HMS Parking Deck Options and Future Parking Needs Analysis February 21, 2017 Memorial Hall

2 Proposed HMS Parking Deck Options and Future Parking Needs Analysis

3 Background Partnership between School District 181 ( SD 181 ) and Village of Hinsdale Strategic planning commenced in 2015 regarding parking solution in Central Business District ( CBD ) Subsequent referendum; approved November 2016 Since this time, Village has been working with SD 181 s architect regarding a parking deck design

4 HMS Architectural Rendering

5 Proposed Parking Deck Architectural Rendering

6 Proposed Parking Deck Architectural Rendering

7 HMS Top Level of Deck

8 Recommended Drop-off/Pick-up Traffic Plan

9 Decision Point: Smaller Deck 118 Spaces $2.78 million debt service

10 Decision Point: Larger Deck 189 Spaces $4.53 million of debt service

11 Staff Parking Garage Size Recommendations Reduce Parking Occupancy in High Demand Areas during Peak Utilization Period to 85% occupancy (CMAP goal). Assess Current retail and office vacancy and Project Future Parking Needs (potential for higher intensity usage). Assess Current Parking Vacancies and Usage. Determine Future Alternative Uses (valet use, commuter use etc)

12 N Today: Entire CBD area all 476 Parking Spaces Plus Permits 476 Parking Spaces

13 N Today: Peak Parking Demand Area-383 Spaces 383 Parking Spaces

14 On-Street Parking Availability Peak Parking Demand Area is Garfield to Lincoln and Hinsdale Ave to Second Street. 383 Spaces within the peak parking demand area. Peak Parking Utilization Period is 10:00 A.M. to 2:00 P.M. Monday thru Friday. Parking Utilization Area is 100% occupied during that time. To meet the CMAP goal of 85% parking occupancy means opening up 57 parking spaces.

15 N Impact of Opening 57 Parking Spaces

16 Current Retail/Office Vacancies in the Hinsdale Central Business District According to data provided by Choose DuPage: Retail Vacancy Rate is approximately 7% (considered very low) Office Vacancy Rate is approximately 6% (considered very low) (includes areas outside the peak parking demand areas)

17 Impact of Current CBD Vacancies Verizon 36 E. Hinsdale Lease will not be renewed this August 1 st and Garfield Verizon moving to this location; three vacant spaces available

18 Impact of Current CBD Vacancies 1 st and Garfield Verizon Store (August 2017) 12 E. 1 st Street

19 Impact of Current CBD Vacancies 9 W. 1 st Street 1 st and Washington

20 Impact of Current CBD Vacancies 10 W. Hinsdale Ave 102 S. Washington

21 Impact of Current CBD Vacancies Not Pictured: Baldinelli Pizza (previous location)-alley next to Garfield lot Tigers & Tulips- 14 W. First Ebert Studios-110 S. Washington Hinsdale Art Gallery 6 W. First

22 Financial Impact and Planning Cost of garage Leasing to commuters as a possible source of revenue Potential use of spaces for commuter parking if the parking deck is underutilized Village has 70+ residents on commuter parking permit waiting list Price structure continues to be reviewed

23 Current/Post Deck Construction Available Parking Total Current/Post Deck Construction Available Parking (not including deck) 114 additional spaces.

24 Deck Impact on Existing Parking in Entire Business District Entire Central Business District Existing Parking Plus Spaces Needed to Move Employees and Vacancies with Deck Options Existing Conditions Option 1 - Parking $2.78M Option 2 - Parking Parking available between 10 am and 2 pm Parking Available after 5 p.m. Parking available between 10 am and 2 pm parking Available after 5 p.m. Metered Parking Spaces Relocation of Current Employees to reach 85% occupancy 71 Occupancy of Vacant Office and Retail Space in core (restaurant) 72 Parking Deck- Village Portion Other Nearby Parking Made Available for Public Use Parking Deck- Dist Hinsdale Ave at Grant Total Available Parking Difference over existing Difference over existing % 0% 62% 129% 88% 178%

25 Deck Impact on Parking in Peak Demand Area Peak Parking Demand Area Business District Existing Parking Plus Spaces Needed to Move Employees and Vacancies with Deck Options Existing Conditions Option 1 - Parking $2.78M Option 2 - Parking Parking available between 10 am and 2 pm Parking Available after 5 p.m. Parking available between 10 am and 2 pm parking Available after 5 p.m. Metered Parking Spaces Relocation of Current Employees to reach 85% occupancy 57 Occupancy of Vacant Office and Retail Space in core (restarant) 72 Parking Deck- Village Portion Other Nearby Parking Made Availbable for Public Use Parking Deck- Dist Hinsdale Ave at Grant Total Available Parking Difference over existing Difference over existing % 0% 41% 115% 70% 170%

26 Current/Post Deck Construction Available Parking Third Street between Garfield and Lincoln 25 spaces

27 Current/Post Deck Construction Available Parking Hinsdale Ave from Grant to Vine Street 34 spaces Lincoln Street between Second and Third 13 spaces

28 Current/Post Deck Construction Available Parking Top Level of Parking Deck 28 spaces* Second Street (diagonal spaces facing north) 14 spaces *based on agreement with School District 181

29 Next Steps Continue to solicit public feedback for the Village Board. Village Board anticipated to approve parking deck design at March Board meeting

30 Thank you! Village Hall (630)

Approve Student Housing Rental Rates and Student Housing Parking Permit Rates at UW Bothell

Approve Student Housing Rental Rates and Student Housing Parking Permit Rates at UW Bothell F 9 Permit Rates at UW Bothell RECOMMENDED ACTION It is the recommendation of the Administration and the Finance and Asset Management Committee that the Board of Regents approve the proposed 2018 19 student