cashing-out employer paid parking in minneapolis - st. paul research partners: minneapolis and st....
TRANSCRIPT
- Slide 1
- Cashing-Out Employer Paid Parking in Minneapolis - St. Paul Research partners: Minneapolis and St. Paul TMO Research funded by the US EPA (Market-based Initiative Grant program) and MPCA Patty Carlson, Manager Metro Commuter Services - Twin Cities Metropolitan Council
- Slide 2
- Parking Cash-Out An employer-funded program under which an employer offers their employees the cash equivalent of any parking subsidy (California cash-out legislation) Provide employees with a comparable incentive regardless of which transportation mode used
- Slide 3
- Cash-out Results LA (Shoup) vs Twin Cities
- Slide 4
- Parking Cash-Out Options Full cash-out (CA Legislation) vs Partial (Twin Cities) Employer leased parking Employer owned parking (ie: shift to equitable transportation allowance) Suburban: free parking the norm for developers and employers
- Slide 5
- Parking Subsidies Employer-paid parking (1999) Minneapolis CBD - 13% St. Paul CBD - 34% Suburban: outside of two downtowns only universities and hospitals charge for parking
- Slide 6
- Parking: If You Build it (and give it away) They Will Drive Alone
- Slide 7
- University of St. Thomas Case Study
- Slide 8
- Subsidy TypeBeforePartial Cash-Out Parking Subsidy$138/month Commute Alternative Subsidy $0$100 Drivers/ Non-Driver 207/31190/48 (8% mode shift) Subsidy/Employee$119.59$129.94 Total Commuter Subsidy $28,463$30,925 ($2462) Background/Program University of St. Thomas Partial Leased
- Slide 9
- Thrivent Financial for Lutherans Case Study
- Slide 10
- Background Before 800 drivers get free parking, others nothing Management perspective: Lack of parking conflicts with treating employees equitably Desire to create a flexible benefit while asking employees to be accountable for choices Thrivent Financial for Lutherans Full Employer-owned
- Slide 11
- Program After Cash-Out $100 transportation allowance Begin charging for parking ($5/day) Metropass = $40/month additional take home pay New incentive for pooling, bicycling or walking to work 14% shift from SOV to Non-SOV Increased costs offset by 30% MN State Tax Credit Thrivent Financial for Lutherans
- Slide 12
- Supervalu Foods Case Study
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- Background/Program Faced parking limits Hoped to get traffic signal at building entrance $3/day (at cafeteria or grocery) pay-not-to-park incentive Impact: 6% fewer drive alones (car and vanpoolers) Supervalu Foods Suburban
- Slide 14
- The Big Picture Region-wide costs: free parking nearly equal to all externalities (i.e: congestion, crashes, pollution, etc) Source: The Full Costs of Transportation in the Twin Cities Metropolitan Region (U of M, Center for Transportation Studies)
- Slide 15
- Transit Subsidies Level the Playing Field State transit tax credit, federal tax-free, Metropass cut bus pass costs cut by 40-60% 20-40% increase in bus use at participating employers. Over employers offer transit pre-tax Over employers subsidize transit (>$3 million/yr.)
- Slide 16
- Why Changing Parking is Hard Cultural norms Parking still a status perk Full cash-out not revenue neutral Economic development objective trumps transit Parking subsidies used by Cities to attract development Downtown direct subsidies, suburbs overbuilt parking minimums Change is slow 1 st meeting with Thrivent Financial for Lutherans two years before cash-out
- Slide 17
- Enabling Cash-Out / Transit-Friendly Parking Policies Discourage bundling parking in office leases (Bellevue) Discourage employer-specific parking Carsharing employers programs reduce need for parking Proof of parking in suburban development frees up money for on-site TDM Regional parking policy (Transit effective where there are parking taxes or maxs)
- Slide 18
- Additional Resources David Vanhattum at [email protected] to order executive summary of Twin Cities PCO report or for more information The Myth of Free Parking Transit for Livable Communities, www.tlcminnesota.org