Transcript of Cashing-Out Employer Paid Parking in Minneapolis - St. Paul Research partners: Minneapolis and St....
- 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
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- 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
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- Cash-out Results LA (Shoup) vs Twin Cities
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- 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
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- 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
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- Parking: If You Build it (and give it away) They Will Drive
Alone
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- University of St. Thomas Case Study
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- 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
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- Thrivent Financial for Lutherans Case Study
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- 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
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- 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
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- 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
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- 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)
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- 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.)
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- 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
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- 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)
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- Additional Resources David Vanhattum at Vanhattum@qwest.net 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