HomeMy WebLinkAboutEx 2 BPC 10 12 2018 Lease Limit CalculatorParking Lease Policy: Appendix A Bozeman Parking Commission
Bridger Park Downtown Garage
LEASE LIMIT CALCULATION
INOTE: Red highlighted boxes ore for input oÍ cufient doto. All other cotegories ore lormulos thøt do not rcqu¡rc ¡nput.]
TEASE SUMMARY
Sub-Total Non-UDC Leases *
5 West Mixed Use Office (UDC)
Element Hotel (UDC)
Lark Hotel 1 (UDC)
Lark Hotel 2 (UDC)
Erha Hotel (uDC)
Etha Hotel (UDC) -- PENDING
Sub-Total UDC+*
GRAND TOTAL
*No hotels in these leoses
rrUDC leoses orc for o minimum of 25 yeors
'+'sold but not octivoted meøns AVt cords not d¡str¡buted.
50
60
T9
27
54
46
HOUR BREAKOUT 7l2U2Ot7 Porked PeokHour/Doy
The purpose oÍ the Leose Limit Colculotoristo util¡ze parking industry best
practices in determining how many parking leases the Bozeman Parking
Commission (BPC) can sell in the Bridger Park Downtown Garage, while
maintain¡ng reasonable confìdence that adequate capacity exists for both
leased and short term parking. The rationale is that the BPC can 'oversell'
monthly/annual leases (more leases than spaces) by maintaining a margin of
excess capacity based on "Peak Hour" utilization. Employing a common
L parking management strategy, the BPC, upon advice of Rlck Williams
I Consulting, has chosen to use a factor equal to 50% of unused parking spaces
during the Peak Hour. The Lease Limit Calculator will continue to evolve in
accuracy, as better data is gathered and accessible through implementation
I of the new T2 garage revenue control systems.
435 573 90 234 46 74%324 LLL 56 10
Total No.
of Leases
Sold
No. of
Leases
Parked in
Peak Hour
Short-Term
Vehicles
Parked at
Peak Hour
Leases Sold Weekday Peak
but Not Hour
Activiated*** Occupancy
50% of Empty
Empty Stalls Stalls
(Peak Hour) (Potential
New Leases)
Potential
New Leases
(less Leases
Sold but Not
Activated)
Total Leases
Authorized For
Sale (as of th¡s
date)
Cars Parked
in Peak Hour
Bridger
Stalls
90 July 21lNoonLeases in Peak Hour
Julv 21lNoonNon Leases in Peak Hour 234
Report Generated : tO/ 4 / 2078 Page 1