Background on employee parking arrangements for FY2011

Parking
May 25, 2010
Executive Board Meeting

2
The Economics of Parking
• Parking is not subsidized by GA Tech
• Revenues need to cover expenses
• Maintenance of old parking decks like Peters and the
Burge is expensive

3
Cost of Parking Permits 2009‐2010
• $620 for 2009‐2010 academic year
• The monthly cost for a standard permit is currently
$51.66 (pre‐tax withholding)

4
Cost of Parking Permits 2010‐2011
• Approx. $632 for 2010‐2011 academic year according to
Pres Pres. Peterson’s Peterson s campus bulletin dated May 12 12, 2010
• The monthly cost for a standard permit will be $52.66
• Cost had been scheduled to rise to $650 prior to Pres Pres.
Peterson’s announcement
• The monthly cost for a standard permit would have been
$54.16
• Limited increase is a symbolic gesture
– Good for morale
– Not so much for tangible g savings g

5
Future Parking Fee Increases Anticipated
• $30 annual increases are projected for the next
few years
• This comes out to $2.50 per month
• Increases can take place every year, or larger
increases can be imposed every three years
• Over time, these small increases can add up to a
significant g amount of money y

6
Centergy Parking Structure Permits
• Email stating that E‐82 is no longer part of Parking and
Transportation:
– GA Tech employees could continue to park there, but
payment py would have to be arranged g with Centergy gy
– Negotiations with Centergy resolved
– Situation back to status quo. Payment through payroll
deduction as usual. People who park there have been
notified
– PParking ki officials ffi i l realize li that h the h email il could ld have h provided id d
more information

7
GA Tech Hotel Parking
• Location is becoming more popular, but not full
• Space is available on upper levels
• Maybe some people will move from the Hotel back to
Centergy

8
Parking Lot Gates Failing to Open in August
• Parking is aware of the problem
• People who had permits for more than one location
were the most susceptible
• Database + Spreadsheets = Trouble
• Issue should be under control now (we’ll see)

9
Multiple‐lot Access Permits
• Permits for 2 lots are readily available
• Approval by Parking Director required
• $100 more than standard parking permit
• PParking ki must t assume that th t both b thspaces are always l full f ll
when totaling up the permits that can be issued in 2
locations
• Permits for 3 lots cost $150 extra
• Departments can buy a business use decal
• If people don’t pay more for multiple‐lot parking, then
we all have to subsidize it through higher standard fees