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8. Remote area parking with shuttle service for employees to <br />the office.location <br />a <br />9. Variable parking fees according to time of <br />® arrival/departure to promote staggering of work hours <br />10. Other programs offering any prospect of reduced or <br />a, <br />shifted travel patterns. <br />" <br />It is probable that pay parking must be required for the <br />employees in the buildings of Fashion Square, in order for TSM parking <br />management strategies to reduce the overall travel demand. <br />Initially, it would be expected that many employers will <br />subsidize their employee's parking costs in order to attract key <br />personnel. This practice tends to penalize employees who share rides. <br />Another method of accomplishing the same purposes while rewarding <br />ride -sharing employees would be to "pay" all employees the monthly <br />' <br />equivalent of the cost of providing their parking. Others (those <br />sharing rides or transit users) would realize a financial benefit. The <br />total monthly cost would be about the same for the employer (depending <br />upon what rate is charged for an individual parking stall), but the <br />subsidy encouraging use of a single occupant vehicle would be removed <br />and ride -sharing would be rewarded. Considering the current monthly <br />4. <br />parking cost of about $40-50 per space, the financial benefit would be <br />significant. <br />Although pay parking offers opportunities to reduce employee's <br />vehicular trips, it creates spill -over problems with the "free" <br />residential and retail/commercial parking situated nearby. The extent <br />of the spill -over is directly related to the cost of parking. Employees <br />seeking to avoid paying the parking charges will attempt to park in <br />these free areas causing complaints from those adversely affected and <br />requests of the city to enforce parking regulations. These regulations <br />may take the form of residential permit parking programs. <br />;.c <br />106 <br />75D-250 <br />