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1 RiversideCA.gov
City Council
February 15, 2022
PARKING ECOSYSTEM SUSTAINABILITY
PLAN AND AMENDMENT OF THE PARKING
RATE AND HOUR SCHEDULE - RESOLUTION
Public Works Department
RiversideCA.gov
2 1. July 13, 2020 – Land Use, Sustainability and Resilience Committee considered the Public Parking Program update
and Parking Ecosystem Sustainability Plan (PESP) addressing program improvements and rate adjustments.
2. November 9, 2020 – Land Use, Sustainability and Resilience Committee considered PESP Part 1 - Infrastructure and
Equipment needs. The Committee directed staff to replace 157 single-space meters with 22 multi-space meters and to readdress the Committee with PESP Part 2 after the Finance Committee received the report of surplus properties.
BACKGROUND
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3 3. September 13, 2021 – Land Use, Sustainability, and Resilience Committee received a Public Parking
Fund update and Parking Ecosystem Sustainability
Plan Part 2 Improvements Review - Rate
Adjustments. The Committee recommended that
the City Council approve the Parking Ecosystem
Sustainability Plan Part 2 to include program
improvements and rate changes.
BACKGROUND
RiversideCA.gov
4 Parking Management Strategies
1. Maximize Limited Space
2. Hours of Operation &
Safety
3. Demand Based
Pricing
PARKING ECOSYSTEM SUSTAINABILITY PLAN
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5 • Reduce reserved parking
through attrition to increase
shared space.
• Eliminate free parking to
induce turnover.
• Deter long-term parking on-
street.
PESP STRATEGY #1:
MAXIMIZE LIMITED SPACE
Reserved Parking Spaces
Garage Total
Spaces
2019
Reserved
2021
Reserved
G1 170 21 21
G2 155 49 47
G3 292 46 49
G7 397 92 62
RiversideCA.gov
6 PESP STRATEGY #2:
HOURS OF OPERATION & SAFETY
On-Street Parking
is free after 5pm Mon-Fri
and Weekends
Garages are free
after 5pm weekdays and
before 9pm Thu-Sat
• All customers
responsible for costs
to occupy space.
• Align hours of
operation to match
parking demand.
• Utilize RPD Patrols
during weekends
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7 Example of data used to apply Demand-Based Pricing.
Festival of Lights – Average Vehicle
Turnover per space in Garages
Garage Capacity 2019 2021
G1 170 22 14
G2 155 19 13
G3 292 18 13
G6 538 6 3
G7 397 11 7
PESP STRATEGY #3:
DEMAND BASED PRICING
Create value
rate pricing in
underutilized facilities
and premium rates in
high demand
facilities.
RiversideCA.gov
8 PESP PROPOSED RATES
Fiscal Year 2022-2023 Public Parking Fund Projected
Revenues:
• With PESP: Net revenues of $110,000
• Without PESP: Loss of $1,321,000
Without PESP, the General Fund may be required to
subsidize the Public Parking Fund
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9 Envision Riverside 2025 Strategic Plan Priorities
#5 High Performing Government
#6 Infrastructure, Mobility & Connectivity
STRATEGIC PLAN ALIGNMENT
RiversideCA.gov
10 That the City Council:
1. Receive and file the Public Parking Program update;
2. Adopt the attached Resolution amending the Parking
Rate and Hour Schedule to reflect the modified rate
changes and hours of operation and repealing
Resolution 23691;
RECOMMENDATIONS
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11 3. Direct staff to return to City Council with affected service contracts as a result of the modified hours of
operation; and
4. Direct staff to return to City Council with a
recommendation to award the Parking Access and
Revenue Control Systems contract to replace the
obsolete garage equipment.
RECOMMENDATIONS
RiversideCA.gov
12 SUPPORTING SLIDES
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13 PUBLIC PARKING FUND
FY21-22 PROJECTED PUBLIC PARKING FUND BALANCE (570)
Type Projected
Revenues
Projected
Expenditures
Projected
Net Revenue
(Loss)
Public Parking Fund – Beginning Working Capital on 7/1/21 1,573,672 Operations - 4150 3,574,000 5,511,000 (1,937,000)
Enforcement - 4151 1,819,000 1,335,000 484,000
Projected Public Parking Fund – Ending Working Capital on 6/30/22 $120,672 RiversideCA.gov
14 •Monthly Reserved Rate $400/month
• Legacy Rate for Existing Customers
7/1/2022 - $205/month
7/1/2023 - $320/month
7/1/2024 - $400/month
Monthly Reserved
Rate $135
• Hourly rates apply up to
Daily MaxFree for first 90
minutes
• All Areas $2.50/hour
• Maximum 4 hours
RCOE & Mission Inn
Areas $1.50/hour
Justice Center Area
$2.00/hour
PESP STRATEGY #1: RATES
Proposed Rates to be Implemented
Current Rate No later than July 1, 2022
Maximize
Limited
Space
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15 • All Garages - Hours of Operation
Monday – Friday 7a.m. – 1a.m.
• 24/7 upon installation of smart parking
access revenue control systems
G1 & G2: 9am – 7pm
G3 & G7: 7am – 7pm
G6: 6am – 7pm
• Saturday & Sunday Hourly Rate or
Daily Max 11am – 1am
• 24/7 upon installation of smart parking
access revenue control systems
No specific schedule-
Special Event rate parking
on weekends when expect
600+ spaces to be utilized
by event attendees
• All Metered Spaces
Mon – Sat 7am – 10pm
• Except Sunday & Holidays
RCOE & Mission Inn
Mon - Fri 9am – 5pm
Justice Center
Mon-Fri 7am – 5pm
PESP STRATEGY #2: RATES
Hours of
Operation
Proposed Rates to be Implemented
Current Rate No later than July 1, 2022
RiversideCA.gov
16 •Garages Flat Entrance Fee
Thurs & Fri 7pm – 1am
Sat & Sun 11am – 1am
G1 & G3 – $30 G7 – $25
G2 – $20 G6 – $15 Parking Lots - $15
Prepaid by 10/1: $10
Prepaid by 11/14: $15
FOL Garages $10 Flat
Entrance
Nightly Fri, Sat, & Sun
$10 drive up
$5 prepaid
• G2 & G6 - $16 Daily Max
All other Garages - $20 Daily Max
• $12 Nightly Flat Rate upon entry
from 8pm – 1am
All Garages - $8 Daily
Max
$5 Flat Rate
Thu – Sun 9pm–1am
PESP STRATEGY #3: RATES
Demand
Based
Pricing
Proposed Rates to be Implemented
Current Rate No later than July 1, 2022
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17 • G2, G6 & G7 - $160 G1 & G3 - $190
• Lots - $110
•P e r m i t s :
Daytime Valid 6am – 6pm
Nighttime Valid 6pm – 6am
G1, G2 & G6 - $70
G3 - $80 G7 - $60
Lots - $60
Daytime Permit Valid
5am – 6pm
No Nighttime Permit
•Weekend Day Permit
Sat & Sun 6am - 6pm
G1 & G3 - $120
All other garages $95
•Weekend Night Permit - $144/month valid
Friday 6pm to Monday 6am
Introduce a weekend
daytime and weekend
nighttime monthly permit –
Currently NONE
PESP STRATEGY #3: RATES
Demand
Based
Pricing
Proposed Rates to be Implemented
Current Rate No later than July 1, 2022
RiversideCA.gov
18 Tuesday 10am to 6pm
50% discount in
Garages
Implement a
Downtown Tuesday
Parker (DTP)
discounted garage
parking rate in
Garages - subject
to review after 6
months.
PESP STRATEGY #3: RATES
Demand
Based
Pricing
Proposed Rates to be Implemented
Current Rate No later than July 1, 2022
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