Q&A
Council member inquires about parking utilization rate in the garage
1:29:45
·
39 sec
Council Member Kevin C. Riley inquires about the current parking utilization rate in the garage and its potential impact on existing residents. Adam Taubman from Kramer Levin provides information on the current usage of the parking spaces.
- The conservative estimate for parking utilization is 80 spaces out of 142, approximately 60%
- The actual current utilization is lower, with only 3 or 4 parking spaces rented on a monthly basis by residents
- The discussion highlights the underutilization of the parking garage
Kevin C. Riley
1:29:45
Thank you.
1:29:46
I believe you answered them, but your presentation might just wanna ask them for the record.
1:29:51
What is the current parking utilization rate and how would this change impact exist in residence?
Adam Taubman
1:29:58
Are you asking about the utilization rate in this garage?
UNKNOWN
1:30:00
Yes.
Adam Taubman
1:30:01
So the the conservative number we've been using for this application is 80 spaces out of a 142.
1:30:08
Very quick math.
1:30:09
That's around 60%.
Kevin C. Riley
1:30:11
Okay.
Adam Taubman
1:30:12
That number is actually lower today.
1:30:14
And interestingly among residents who have the most convenient access to the building.
1:30:19
As of today, there are only 3 or 4 parking spaces that are rented on a monthly basis.
1:30:24
Okay.