IPInsider - August 31, 2010

On July 23, 2010, just a few days before the twentieth anniversary of the passage of the Americans with Disabilities Act (ADA), Attorney General Eric Holder signed final regulations adopting ADAAG 2004 for the design and construction of accessible buildings and facilities. The 2010 Standards will take effect six months from publication of the regulations in Federal Register. It should be noted that the regulations also include other requirements beyond simply adopting ADAAG 2004; thus the DOJ calls the overall regulation the 2010 ADA Standards for Accessible Design (2010 Standards). Mary Smith, Senior Vice President, Walker Parking Consultants, has provided IPI an article which provides important accessibility compliance information for the benefit of the parking industry. Read the Article

On Wednesday, August 25, IPI presented its eighth webinar of 2010 - Emerging Trends In Parking System Monetization - Issues and Impacts. The webinar, presented by L. Dennis Burns, CAPP, Regional Vice President and Senior Practice Builder, Kimley-Horn and Associates, Inc. and Leonard T. Bier, JD, CAPP, Executive Director & General Counsel, New Jersey Parking Institute, provided a review of recent and active parking P3 projects and important information on potential impacts to the parking profession and parking professionals. Below is an excerpt of the Question and Answer segment of the webinar.
 
How do you agree on the value of a municipal property? There is usually no tax assessment and actual municipal sales are too few and far between to have any real value.

Dennis Burns: In some communities we have applied standard property tax rates to the municipal parking facilities. This value as a percentage of net parking system revenues became the benchmark for parking system contributions back to the city's general fund. Typically this falls into the 15 -20 percent range for a mid-sized, professionally managed, parking system that includes off-street facilities, on-street meters and parking enforcement revenue streams.

 

Leonard Bier: Valuing municipal parking improvements such as parking lots and garages for real estate taxation or sale is no different than valuing and assessing privately owned parking improvements. Standard appraisal methods are: replacement cost, comparable market sales and income approach. Valuing a parking system for privatization, leasing, a concession, or some other type of private monetization is based on an income approach, annual net revenue multiplied by a term of years, adjusted for parking rate increases or Consumer Price Index (CPI), adjusted for the present value of future earnings. There are online calculators that can calculate the present value of future earnings.

 

Dennis Burns: We know this has been done in off-street garages, where the spaces are essentially "condo-ized," but I am unaware of on-street spaces in the public right-of-way being sold in this fashion. 

Leonard Bier: Selling a parking space to a homeowner that exists in the public right of way/street, I believe presents legal challenges. Another option is Residential Parking Programs. RPPs have been upheld by the US Supreme Court. A municipality can charge a monthly or yearly fee for a RPP on-street parking permit.
 
Members can access the complete Q&A transcript in the Library section of the IPI website. You can also view this webinar, or any of our other on-demand webinars, by going here.

With just over six weeks to go until the 3rd Middle East Parking Symposium, the region's only dedicated parking event is gathering momentum. The conference program is attracting a lot of attention and rightly so with some of IPI's leading figures involved. IPI is hosting the main technical stream at this year's event and has eight key speakers across four important themes. The topics being explored include: Planning and Design, Finance & Investment, Equipment and Enforcement & Operation. There are also two parallel streams running at the same time focusing on parking technology and the latest projects from across the Middle East. The full conference program can be found here.
 
There are 10 days left before the early bird discount offer expires.  Take advantage of this great discount and book now!
 
All IPI member companies are entitled to a 10 percent discount on any exhibitor or sponsor package booked at the event, and IPI members wishing to attend the conference receive a 15 percent discount on any conference delegate package. Delegate packages also include invitations to the VIP networking cocktail on the first evening of the event.
 
For more information please contact Davyd Farrell at 00971.50565.2519 or Michele Amaya at 540.371.7535.

The September issue of The Parking Professional has been mailed and should be arriving in your mailbox any day now.  Featured this month is Part 2 of Dennis Burns' article on parking system monetization as well as articles on strategic parking planning, suicide in parking structures, event parking planning and more. Members can also view the current issue and past issues on The Parking Professional page of IPI's new website.  
 
Interested in submitting an article for The Parking Professional?  Contact Henry Wallmeyer, Managing Editor at 540.371.7535 or wallmeyer@parking.org.
 
Advertising information is available by contacting Romi Schneider at 703.323.5783 or romi@parking.org.

This past weekend IPI's Executive Committee consisting of Chair, Cindy Campbell, Cal Poly State University; Chair Elect, Casey Jones CAPP, MPA, Boise State University; Treasurer, Liliana Rambo CAPP, City of Houston; Immediate Past Chair, W. Douglas Holmes CAPP, Penn State University; and Executive Director, Shawn Conrad CAE, International Parking Institute meet in Santa Barbara, California to review the Association's program initiatives and projects.

 

These are exciting times for IPI.  The Executive Committee reviewed plans involving four strategic partnerships with transportation and building management organizations which involve sharing parking's value and role, revenue, safety, security, design and planning. The Committee held discussions involving a collaborative effort with other organizations that could have far reaching implications on reducing the parking industry's carbon footprint.  There are a number of knowledgeable people working on these programs.  Next month, the IPI Board of Directors will be meeting to look at these strategic initiatives - more information will be forthcoming in issues of the IPInsider. 

 

Additionally, members of the IPI leadership have been invited to share IPI's mission to educate, inform and grow parking professionals' expertise at industry events around the world. The Board of Directors is the voice of the membership, IPI encourages you to contact any member of the Board with your questions or ideas - visit the Board of Directors page on the IPI website. 

Experienced and articulate individuals willing to share their expertise and real world practices are invited to submit presentation proposals for the 2011 International Parking Institute Conference & Expo.  Proposal presentations are due October 1, 2010.  More Information and Submission Instructions

R egistration and Exhibit Sales Opens Next Week

Beginning on September 7, IPI will begin accepting registrations and exhibit space reservations for the 2011 International Parking Institute Conference & Expo.  Lock in your registration today for the greatest savings plus receive the complete education program in audio format - a $750 value! if you register by January 15, 2011!    Detailed information is available on our website at www.parking.org/conference.

T his is the once-a-year industry event not to miss! 

Middle Atlantic Parking Association
MAPA Fall Conference
Oct 27, 2010
8:00 AM- 4:00 PM
University of Baltimore
For more information visit the MAPA website, www.themapa.org or contact Dawn Newman, 410.964.5724,  email: admin@themapa.org.

 

Pennsylvania Parking Association
PPA's Annual Conference returns to State College!
REGISTER NOW! At www.paparking.org  
September 29 - October 1, 2010
Nittany Lion Inn

200 West Park Avenue
State College, PA 16803
(814) 865-8500 
*Featuring a PPA room rate of $120 for single and $130 for double
Educational Sessions Include... more information.
 

The latest industry news and vital industry information:

 

· University of Oregon Gets 200 New Parking Meters
· New Meters Bring Stress-Free Parking in San Francisco
· Parking at Orlando Magic's New Amway Center Plentiful, Not Cheap
· Uptown Centre Dogged by Parking Snafu
· Wayne County to Audit Lots Near Airport
· College Parking Issues Addressed
· Groundbreaking of CitySquare Should End Doubts
· TIA to Keep Free First-Hour Parking
· Huntsville's Parking Lots Aren't Just for Cars Anymore
· Casper Keeps Parking Ban for Now
· New Parking Deck To Hamper Before Helping Downtown Augusta Parking
· Parking Violations Bring in Big Bucks for the City of Seattle
· Miami Mayor Rethinks Marlins' Parking Deal
· Electric Vehicle Chargers Planned for Manhattan Parking Lots
· Fayetteville Holds Q&A Session on Paid Parking, Launches Website
· PARKatlanta Issues New Parking Guidelines
· Vacant Midtown Memphis Garage, Motel Could Get New Life
· Baltimore to Buy 75 More Digital Parking Meters
· More Parking Improvements in Libertyville
· Tahlequah Project Will Eliminate Parking Spaces, Create 'Green Space'
· Parking Issues Unite Towns in Discontent
· IUPUI Takes Steps To Fix Parking Woes - Students Say Improvements Noted
· New Rules on KU Campus Angering Mo-ped Drivers
· Pulaski Parking Facility Implements Solar Array Recharging System
· Chapel Hill Testing Out New Parking Meter Models
· Plano Council Tables Ban on Parking Near Mailboxes
· With Data in Hand, Covina Begins Effort to Address Parking Complaints in Downtown
· Rapid City to Offer Parking Alternatives
· Downtown Athens Deck Gets Permission to Build
· Indianapolis Selects ACS For Parking Overhaul
· Naperville Central Students Painting Murals at Parking Garage
· 'Green' Parking Lot Takes Shape at JCCC
· Sound Transit Will Add More Bike Parking to Deal With Shortage
· LA Council Votes to Solicit Bids for Parking Garage Leases

 

For these stories plus more, visit the Parking in the News section of IPI's website.