11/23/1992 Meeting - Laserfiche WebLink

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I ; initial operating projections. Disadvantage: would require the . purchase and demolition of the bank building at 11th and Oak (the cost estimate includes purchase and relocation expenses). * Option C, parking above the LTD station, which would create a net of 250 spaces at an estimated cost of $12-13 million. Advantage: responsive to area needs. Disadvantages: costly; counter to previous decisions of the LTD board; and a joint project would involve diffi- culties with technical issues and the public decision-making process. Mr. Boles clarified that the second approach was intended to include parking demand management, so that long-term employee parking is shifted over time from downtown to the periphery through measures such as the shuttle, thus accommodating demand for customer parking downtown. Mr. MacDonald felt that a disadvantage of Option A is its distance from the LCC Downtown Center. He also asked why the estimated cost for Option Chad risen substantially since August 1992. Mr. Luel1 responded that the need for ramping across Olive Street, together with LTD's design speci'fications for first-floor height, accounted for the increased costs of Option C. Also, the least expensive first-floor spaces would not be available to help offset the higher costs of upper-floor stalls. Ms. Calvert said that under Option C, the structural need to enclose the building would create safety concerns and add expenses for ventilation. In response to Mr. Green's concern about parking in the midtown area, Mr. Gleason explained that the City is obligated by ordinance to provide co11ec- . tive parking facilities downtown in order to maximize development densities. In all other commercial zones, businesses must supply their own parking. Mr. Nicholson noted that the City just sold the equivalent of approximately 250 parking stalls at 8th and Wil1amette to Lorig. Mr. Gleason replied that the City had held vacant land intended for development, and the deal would probably not occasion a net loss of parking. Mr. Luel1 said that the project- ed downtown deficit does not include parking that Lorig might build, because it is not within a nine-block radius of the transit station. Mr. Boles requested clarification of LCC's concern that Option A would be' too distant. Larry Warford, LCC, explained that the college was asked whether Option A would mitigate the loss of parking directly across from it, and responded that it would not. In response to Ms. Bascom, Mr~ Luell said that the McDonald site for the transit station would preempt 176 surface spaces currently used by LCC, and that LCC is quite concerned about safety. Mr. Gleason pointed out that the City cannot stipulate who shall take part in lease arrangements for long-term parking. Downtown investors already pay a substantial premium by subsidizing parking, and failure to add structured parking will make downtown investments less feasible. A significant downtown parking deficit would exist even without loss of existing parking to a transit station. Use of alternative modes should be actively promoted, although it MINUTES--Eugene City Council November 23, 1992 Page 4 . 5:30 p.m.