01337963

Component

The bundling of parking and housing fees has been discussed extensively in the literature. Many arguments have been forwarded against the practice of bundling these fees together and efforts have been made to encourage unbundling so that fewer parking spaces are needed for new buildings. This article explores unbundling from the perspective of parking facility use for existing parking facilities based on the argument that better utilization of existing facilities can be achieved if housing and parking fees are separated and the parking lots become shared use facilities. Case study research of two existing parking facilities is conducted and the parking facility use is documented. License plate recognition technology is used to collect data. This work shows that exclusive use parking facilities are not used as well or as often as similar shared use facilities and that by unbundling parking and housing fees and making shared use parking facilities, owners can realize significant new revenue. More importantly, by unbundling and converting parking facilities to shared use, new parking structures can be delayed or deferred entirely leaving land for higher and better use.

01329018

11-1305

English

17p

2011

Transportation Research Board 90th Annual Meeting

DVD

Figures; Maps; Photos; References; Tables (2)

Automatic license plate readers; Case studies; Data collection; Housing; Parking; Parking facilities; Parking fees

License plate recognition; Shared use facilities; Unbundling

Economics; Highways; Terminals and Facilities; I10: Economics and Administration

Transportation Research Board Annual Meeting 2011 Paper #11-1305

TRIS, TRB

Feb 17 2011 5:45PM