HomeMy WebLinkAboutIR 9984 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9984
To the Mayor and Members of the City Council January 31, 2017
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*a SUBJECT: SCHEDULE OF PARKING RATES AND CHARGES FOR THE
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MUNICIPAL PARKING SYSTEM
The Schedule of Parking Rates and Charges addresses the various parking rates for the
Municipal Parking System at the Fort Worth Convention Center. The current retail parking rates
and charges include daily parking that ranges between $3.00 and $15.00 per day, depending
upon whether the parking system is in event mode (pay upon entry) or timed mode (paid upon
exit). The maximum charge in the garages is currently $15.00 per vehicle per 24 hour period.
The current Event Rate for high volume events is $15.00 and is paid upon entry.
The City contracts with SP Plus Corporation (SP Plus) to manage the parking facilities that serve
the Public Events Department, which includes the Fort Worth Convention Center (FWCC) and the
Will Rogers Memorial Center (WRMC). The Houston and Commerce Street Parking garages
primarily serve the FWCC, but also provide parking for the Omni Fort Worth Hotel self-service
guests and overflow valet parking, City and AT&T employees and other transient needs.
The purpose of this Informal Report is to address the issue of the need to increase the maximum
charge from $15.00 per vehicle per 24 hour period to $35.00 per vehicle per 24 hour period and
increase the maximum charge for the Event Rate to $35.00 when market demand exists. The
proposed increase is made primarily to match market rates for over-night parking and to respond
and correct an imbalance in the demand and supply relationship for some special events. This
increased pricing flexibility will allow SP Plus, in coordination with the Director of Public Events, to
respond appropriately to market demands and pricing to maximize the return on the City's
investment while meeting the needs of downtown patrons. In the near-term, it is anticipated that
the typical daily rate will be increased to $18.00 per vehicle upon approval of the M&C.
Staff recommends an increase in the Schedule of Parking Rates and Charges for the Municipal
Parking System at the Fort Worth Convention Center in order to respond to high parking demand
for some special events. Staff will bring an M&C to City Council on February 7, 2017 for
consideration of the increase in the maximum daily rate charge.
If you have questions, please contact Doug Wiersig, Transportation and Public Works Director, at
817-392-7801 .
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS