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The excellent Parking Study included in the Staff Report indicates that downtown parking is nearing saturation, and is at saturation in parts of downtown. Public parking spaces are inherently more efficient, supporting more square footage of new development than private parking lots, because ublic spaces get used all day long, not just at the peak time of one private business. But the City has o maintain aggregate parking supply somewhat in excess of 9 pp Y ss o aggregate parking demand, because when saturation is reached, private parking lot owners start hoarding their spaces, exacerbating the parking scarcity, and driving customers away from downtown. The in lieu fees collected would provide a substantial share of the funding needed for parking expansion. For downtown to acquire much needed critical mass-- additional buildings and businesses - the marginal (additional) cost of new public parking spaces would be a wise investment of City capital improvement funds, paying a dividend in increased private investment, building expansion, and downtown vitality. The twin incentives of regulatory certainty and a fixed price for parking could unleash a construction boom of new buildings and expansions, under fair and even handed rules. The parking rules are quite important to the future success of downtown Pleasanton, and need to be improved now. The proposed Ordinance amendment does not accomplish that. Take care, Pete Peter MacDonald Law Office of Peter MacDonald 400 Main Street, Suite 210 Pleasanton, CA 94566 Phone: 925.462.0191 • Click here to report this email as spam. Vti',+•,Z 3