Item B: East Broadway Development Update

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ATTACHMENT D Parking Study Summary Under contract with the City of Eugene, Rich and Associates, Inc. analyzed parking supply and demand in downtown in the fall of 2001. Based on their report published in May 2002, there is a projected need for additional parking downtown, particularly in the area of the block proposed for the Whole Foods Development project. This report is currently being updated. Additional information will be presented at the council work session on February 8, 2006. The Rich and Associates study considered downtown in two zones. Zone A encompasses primarily the northern half of downtown, bordered by 2nd Avenue to the north, Lincoln Street to th the west, 7 Avenue to the south, and EWEB, the Courthouse area and the potential Whole Foods block to the east. Zone B includes all of downtown, including property within Zone A. The report concludes that there is an overall deficit of 1,016 spaces. Many of the blocks in the immediate vicinity of the site proposed for Whole Foods lack adequate parking, including the existing Federal Building, the Lane County Courthouse, and the new Wayne Morse Federal Courthouse. Based on the analysis completed by Rich and Associates, there is a projected need for additional parking in downtown in the vicinity of the Whole Foods Block. This need exists prior to the Whole Foods Development but is exacerbated by the 299 spaces that will be lost as a result of this development and the resultant activities that increase the demand for parking. For Zone A only, the report notes that with possible development of the block now being considered for Whole Foods, the adjacent block (which now includes the Shedd) and possible redevelopment of nearby surface lots, the deficit in this zone is 500 spaces. As part of their study, Rich and Associates analyzed the southern half of the block proposed for Whole Foods as the site for a structured parking facility. Development costs associated with adding 530 structured parking spaces on this lot were estimated on a per space basis of $16,220 (approximately $18,420 in ’06 dollars, assuming inflation of 4%). Since the existing 299 spaces on this block would be lost, the net cost for adding additional spaces increases to $23,240 ($27,190 in ’06 dollars). These figures assumed a full half block parking structure, and did not include any land costs. If the Whole Foods Development Project goes forward, it will contribute over 400 spaces to the downtown area. Existing uses in the immediately vicinity of the Whole Foods development site will benefit from additional parking, including the existing Federal Building, City Hall, the Lane County Courthouse and the Wayne Morse Federal Courthouse. Nearby development oppor- tunities will also benefit from additional parking, such as Courthouse area properties (including two City-owned parcels), privately-owned property south of Broadway, and a new or expanded City Hall. L:\CMO\2006 Council Agendas\M060208\S060208B.doc