1. July 25th 2013

3. Background
 NG parking enterprise fund not operating
at full cost recovery
 NG parking assets aging
 Restructured NG staff and delayed capital
projects to reduce costs and delay
expenses
 Parking rates need to change to bridge the
fiscal gap

4. Budget Committee
 Approved with modifications (free lunch parking
and limits on street meters after 5:00 pm)
Northgate District Association
 Requested the free lunch time be extended from
1:00 pm until 2:00 pm
 Requested an “early bird” rate at the parking
garage on peak nights
 Suggested other rate adjustments (game day
adjustments for parking lot and street meters)

5. Current Rate New Rate Projected Annual
Revenue
Parking Garage
(Game Day Rate)
$10.00 (flat rate) $20.00 (flat rate) $27,500
Surface Parking Lot
(Peak Hours Only)
$2.00/hour $2.50/hour $94,500
Surface Parking Lot
(Game Day Rate)
$2.00/hour $3.50/hour $14,400
Surface Parking Lot
(Lunch Hours)
$.75/hour Free ($23,800)
Street Meters
(Peak Hours Only)
Free $2.50/hour $59,900
Street Meters
(Game Day Rate)
$2.00/hour $3.50/hour $7,650

6. July 25th 2013