HomeMy WebLinkAboutIR 9003INFORMAL REPORT TO CITY COUNCIL MEMBERS
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To the Mayor and Members of the City Council
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December 16, 2008
Page 1 of 2
SUBJECT: Fort Worth Convention Center Parking Rates
The purpose of this Informal Report is to provide City Council with information regarding the proposed
schedule of rates and charges for the Fort Worth Convention Center parking garages. An M &C is on
today's Council agenda requesting approval of the rates and charges noted on the attachment.
The new 1,050 space Fort Worth Convention Center parking garage located on Houston Street is scheduled
to begin operation in January 2009. The facility is expected to serve guests attending events and activities
scheduled at the Fort Worth Convention Center, Omni Hotel, City Hall, AT &T Building and other
surrounding businesses.
Staff reviewed parking rates at parking garages located in downtown Fort Worth, along with parking rates
at various events facilities located in the DFW Metroplex. Staff also discussed parking rates with
representatives of the new Omni Fort Worth Hotel. The proposed rates are consistent with other parking
offerings in the regional market.
Revenues generated from the parking operations at both garages will be utilized to fund operational
expenses and debt service on the new garage. The parking schedule of rates and charges provides the
Director of Public Events flexibility to adjust parking rates in order to respond to market conditions and
competition as well as to meet debt service requirements.
Staff looks forward to offering an enhanced guest experience at the Fort Worth Convention Center. Please
contact Kirk Slaughter at 817- 392 -2501 if you have any questions or require further assistance.
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Dale A. Fiss P
City Manager
Attachment
ISSUED BY THE CITY MANAGER FORT WORTH. TEXAS
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PUBLIC EVENTS DEPARTMENT
PARKING SCHEDULE OF RATES AND CHARGES
Houston Street Parking Garage
Daily Parking*:
0 - 30 minutes
$2.00
31 min - 1 hour
$4.00
1 hour - 1.5 hours
$6.00
1.5 hour - 6 hour
$8.00
6 hour - 12 hour
$10.00
12 hour - 24 hour
$12.00
Special Event:
$8-$15
Monthly Parking:
City Employee $85.00
Non -City Employee $125.00
Monthly Reserved $400.00
*Daily Parking rates are per parking event with no in and out privileges
Commerce Street Parking Garage
Daily Parking *: $7.00
Special Event: $8-$15
Pre -Pay Coupons (based on parking availability) 5 @ $25
Monthly Parking: $75.00
"`Daily Parking rates are per parking event with no in and out, or overnight privileges
Duerctor of Public Events may adjust the parking fees in the garages to respond to market co xfitww and
competition; however the maximum charge in the garages will not exceed $15.10 per vehicle per 24 hour period.