The Future of Parking, Today

1. Future of Parking Today
New Jersey Future March
10, 2017
Jim Zullo, AICP, CAPP

2. Smart Growth – Requires Structured Parking
• Necessary to achieve density
• A CRITICAL economic factor
• How much parking is the question?
Cost
• $60 - $65 / SF for structured parking
• $20K - $25K / space
• Operating cost - $400- $500 / space
/year
• $150-$175 / month per space
• Debt service, operating cost, capital
reserve

3. Parking Planning Strategies for Smart Growth
• Right Size!
• Apply appropriate parking ratios
• Apply Parking Maximums vs. Minimums
• Share Parking to greatest extent
• Maximize on-street parking
• Reduce demand - shared car / bike services
• Apply market rate parking fees / Unbundle parking
costs
• Use high standard parking design and planning
• Integrate with other uses
• Make it sustainable
• Identify creative partnerships and financing
• Manage parking as a system
• Use Technology - convenience

4. Parking Today

5. • Pay by cell
• Credit card enabled
meters
• Parking guidance
systems
• Parking Apps
• Dynamic rate changing
• Sensors to locate open
spaces and direct
enforcement
• Mobile Apps to find,
reserve/ pay for parking
• The Internet of Things
Parking Technology

6. Best Applications
• Constrained sites / Infill
• High density / urban
• High Land value!
Considerations
• Throughput requirements
• Redundancy / Operating costs
• Problems / Slow adaption / Problems
o Hoboken - $1M in repairs
o Brickell House Miami – Closed
o Maryland Garage - Closed
Automated Parking
“Road to Robotic Parking Is Littered
With Faulty Projects”
By Frances Robles NOV. 27, 2015

7. Source: The Parking Professional, January, 2017
Ditching Drivers

8. Source: Boston Consulting Group, Rendering courtesy of Arrowstreet Inc.
Conventional Garage Accommodating Autonomous Vehicles Garage

9. Source: Boston Consulting Group, Rendering courtesy of Arrowstreet Inc.
Autonomous Vehicles Garage

10. The Future of Parking

11. “ Parking has been a key determinant of human life since
at lease the 7th century B.C.”
“Twenty seven Hundred Years Later, the pivot of urbanity
and civilization at the approach of the twenty-first century
is still, as it turns, parking.”
Edge City, Joel Garreau – Published in 1991
The Future of Parking