Parking Solutions

The Vendor is required to provide parking solution professionals interested in providing concepts, approaches, or potential public and private partnership opportunities for the development, financing, construction, operation, or management of public parking solutions within the area.
- General concept idea
• Description of the parking solution or partnership concept.
• Type of solution proposed, such as parking garage, structured parking, shared-use parking, surface parking improvements, mixed-use development with public parking, parking management, or another parking-related solution.
• General location or property involved, if known.
• Whether the concept involves private property, city property, or both.
• Approximate number of parking spaces that may be provided, if known.
• Whether the parking would be available to the general public, reserved users, business patrons, residents, employees, or a combination of users.
• Any proposed public access conditions, operating hours, or use restrictions.
- Public and private partnership approach
• Description of the proposed public and private partnership structure.
• Role of the respondent.
• Role of the city, if any.
• Whether the respondent would expect city participation through land, funding, revenue sharing, tax increment financing, lease arrangements, development incentives, operational support, permitting assistance, or another structure.
• Whether the respondent would be interested in financing, designing, constructing, operating, maintaining, or managing the parking facility or solution.
• Any preliminary thoughts on ownership, long-term maintenance, revenue collection, enforcement, or operational responsibility.
- Financial and business model information
• General financial structure or business model.
• Potential sources of funding or financing.
• Whether the respondent anticipates user fees, leases, revenue sharing, city contributions, private investment, grants, or other revenue sources.
• Preliminary opinion on whether the concept could be privately financed, publicly supported, or jointly funded.
• Any conditions that would be necessary for the concept to be financially feasible.
- Site and development considerations
• Site requirements or minimum property size needed.
• Access, traffic, circulation, or utility considerations.
• Whether the concept may require zoning changes, land use approvals, development agreements, easements, or other approvals.
• Approximate development timeline.
• Major risks, constraints, or challenges the city should consider.
• Any recommendations for how the city can make a future parking partnership opportunity more viable or attractive to the private market.