Multifamily park & rides
Increasingly in the Puget Sound region, parking demand exceeds supply at public park & ride lots serving busy transit centers. Building more parking in these areas can be an expensive and controversial endeavor and does not generally help to create walkable, affordable communities. Existing parking spaces outside of park & ride lots, especially ones in multifamily buildings, may offer a way to increase transit parking without the need to construct costly new facilities. Many residents at mulitfamily buildings are going to work (and vacating their spots in the building) at the same time as transit users are seeking parking.
About the project
King County Metro received a grant funded by the Federal Highway Administration's (FHWA) Value Pricing Pilot Program to explore opportunities for market-priced park & ride spaces at mulitfamily developments near high capacity transit services. The project seeks to provide better access to transit through expanding park & ride spaces near high quality transit service. The project will involve data collection, stakeholder interviews, and assessment of barriers and opportunities, all of which will contribute to the development of viable business models that can be tested in future pilot programs.
Highly utilized park & rides that can fill up early in the morning introduce a level of uncertainty to a user wishing to park there as there are not enough spaces to meet demand every day. The ability to reserve a space at or near busy lots could enhance the reliability of transit as a commute option—beyond improving access through increasing the number of spaces available, predictability improvements are a key opportunity related to the project. For more details, please see the list of deliverables or read the project's scope of work.
Metro Transit Division
King County Department of Transportation
201 South Jackson Street
Seattle, WA 98104-3856
Market Development, Service Development
Send Daniel an email
or call 206-477-5788
Who will benefit?
King County Metro has partnered with Diamond Parking to implement a new innovative multi-family park and ride program that allows building owners to generate income by offering parking in buildings with vacant spaces. Metro is now seeking property owners to participate in this pilot project.
King County Metro vetted this idea with building owners, property managers and other market participants. This vetting process identified and resolved a number of potential issues and helped to shape the design of the program.
Who can participate?
Suitable properties for participation have a number of property characteristics:
- Building Type: Multi-family or Mixed-Use (with residential component)
- Location: King County – Within a quarter mile of frequent transit service or Park-and-Rides.
- Parking Type: Garage or Surface
- Parking Spaces: 10+ spaces (Must be available either 24/7 or 8am-6pm)
- Timing: Immediate (For first-quarter 2017 program start)
- Other: Sites with safe, secure, and adequate lighting, a safe pedestrian connection
Who do I contact?
If you’re interested in learning more about this project, please contact Daniel Rowe at 206-477-5788 or by sending an email.
- Project One-Page Description
- Data Collections Results
- Final Scope of Work
- Project Summary
- White Paper: Key Concepts and Current Trends
- Barriers and Opportunities Technical Memo
- Business Model Considerations Technical Memo
- Draft Business Model Concept
- Proof of Concept and Proposed Business Model
- Proof of Concept and Proposed Business Model Appendixes
Frequently asked questions
The key benefit to participating in this program is that it allows you to generate income from your vacant parking spaces. The amount of income depends on a number of factors, but feedback from P&R focus group participants found that people are generally willing to pay between $44 and $110 per month for a guaranteed P&R parking space.
The required upfront investment depends on a number of factors, including the building’s site layout and existing access controls; however, the program aims to start with properties that require minimal, if any, upfront investment.
Your main responsibility is to provide parking that meets the program's requirements. King County Metro will market the program to P&R users. Diamond Parking Service will provide customers a way to find, reserve, purchase, and access the parking spaces, as well as manage parking access and security as needed.