Parking Strategy Working Says City Hall
Prince George, B.C.- It’s been three months since the new downtown parking plan came into effect and City Hall says it is paying off, but there is a crunch coming for monthly parking stall renters.The City will be closing the parkade at 5th and Dominion from March 1st until early September . 205 tenants will have to be relocated to other monthly parking stalls for the duration of the parkade upgrades. The relocation of those tenants could reduce the availability of off street stalls by about 6%. That is the first of two projects the City has planned for this year. The second will see the parking lot behind to the Wood Innovation and Design Centre closed to make room for construction of the new research lab and park. The City is confident there are enough parking stalls in nearby parkades and off street lots to offset the loss of those stalls.
The new pay stations and three hour maximum limit for on street parking in the downtown zone is paying off.
According to Bylaw Services Manager Fred Crittenden, the vacancy rate at the off street lots for hourly and daily stalls was 57% before the new parking rules came into effect. That vacancy rate has now dropped to 24%.
There are fewer monthly parking stalls available as well, dropping from 379 in October, the month before the new parking rules came into effect, to 310 in January.
Revenue is up, with $22,240.00 paid into the hourly/daily pay stations in January, nearly triple the amount collected in October when just over $8.5 thousand had been paid. Part of the January increase can be attributed to an increase in the hourly and daily rate which took effect January 1st. Prior to that increase, the average transaction at the pay station was around $3.50. In January, that average transaction climbed to $4.88.