15 - Laserfiche WebLink

• Inklings Coffee and Tea Site — The Inklings Coffee and Tea site is located at 530 Main Street, south of Division Street, and is currently used as a surface parking lot with 82 spaces. If a structure were to be constructed on this site, vehicular access from Main Street would be prohibited. Schematic plans indicate a parking garage on this site could comprise approximately 200 parking spaces, resulting in a net increase of 120 spaces. The Parking Plan estimates the costs associated with construction of a parking structure in the San Francisco Bay Area; however, it should be noted that these costs do not include land acquisition, design services /architecture, or permitting costs. Also, these estimated costs factor in the number of subterranean spaces (approximately $39,000 each) versus above -grade spaces (approximately $23,000 each). Table 2: Parking Structure Estimated Cost Workbench True Value Site Bank of America Site Estimated Cost Average Cost Per Average Cost Per Parking Space Net New Parking Space $3,800,000 $29,000 $74,000 Inklings Coffee and Tea Site $3,300,000 to $28,000 to $34,000 to $12,600,000 $29,000 $39,000 $5,500,000 $29,000 $49,000 Note: These costs do not include land acquisition, design services, or permitting costs. Staff plans to explore the possibility of adding the SFPUC property and other potential locations for parking structures (e.g., the City -owned parking lot on Peters Avenue between St. Mary Street and Division Street) to the Parking Plan, as well as potential locations for non - structure parking. While construction of a parking structure would increase the overall parking supply in Downtown Pleasanton, the expenditure associated with such a proposal makes it a costly undertaking. A more cost - effective strategy may be to implement parking management strategies (discussed in further detail below) to more efficiently use the existing parking in Downtown. Other supply management measures identified in the report include: work with Alameda County to identify overflow parking areas at the fairgrounds for use by ACE train users, thereby freeing up parking spaces to the east of the ACE station for Downtown visitors, modify parking restrictions for loading zones to allow for general parking during off -peak delivery times, create a parking plan that identifies parking that could be utilized during infrequent peak periods or special events, establish a parking benefit district that allows parking revenue to be used to increase parking supply and provide improvements, identify businesses with private lots and work with these property owners to allow public parking through indemnification and /or maintenance agreements, and use the remainder of the Transportation Corridor to construct an employee -only parking lot. Page 5 of 9