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					Briefing Note/Green Paper to the Value for Money Overview and Scrutiny Commission 9th September 2008 Subject: Car Parking Income – Position Update Briefing Note of the Head of Streetscene Services 1. Purpose of the Briefing Note and Summary 1.1 This briefing note is to advise the Commission on the latest position on car parking income and whether the current range of tariffs is proving effective. A comparison is made between April and July 2007 with the same period in 2008. It illustrates the effect there has been on the revenue collected for all car parking facilities provided by the Council in the city centre. It also compares the number of customers using Council operated multi storey car parks since the opening of St. Stephens last year which offers, in one of its two car parks, free parking for a period of up to two hours.

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Main Body of Briefing Note 2.1 The City Council operates three multi storey car parks in the city centre at George Street (694 spaces), Pryme Street (610 spaces) and Osborne Street (419 spaces). Unlike the surface car parks in the city centre which provide short or medium and long stay spaces, these car parks provide parking spaces for any length of time charged on a graduated scale. In addition to the three multi storey car parks the Council operates four (478 spaces) short stay and four (282 spaces) medium / long stay surface car parks. There are also a further 700 on street parking bays. Following the opening of the St Stephens Retail and Leisure Centre in September 2007 the Council has experienced a reduction in the number of customers using Council operated car parks. St Stephens provides 1500 car parking spaces including approximately 800 managed by Tesco Stores Ltd who initially provided three hours free parking. This has subsequently been reduced to two hours free parking. The effect of the additional lower priced parking spaces available in the city centre was mitigated in the multi storey car parks by the introduction of an experimental off peak parking tariff. The effect on the revenue and vehicles using Council operated multi storey car parks for the current financial year up to the end of July compared to 2007/2008 as been as follows. Multi Storey Car Park Revenue 2007/2008 – April to July Vehicles Revenue 42,913 £158,146 Multi Storey Car park Revenue 2008/2009 – April to July Vehicles Revenue 36,855 £116,723

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In real terms this represents a 16% reduction in the number of vehicles using Council operated multi storey car parks this financial year (2008/2009) compared to the last financial year and a 35% reduction in revenue. This gives some cause for concern especially that in the period since the end of October 2007, there has been a reduction in the off peak parking tariff in an attempt to attract more customers. A similar picture has emerged in the council operated surface car parks but in mitigation there has been a reduction in the number of parking spaces available since November 2007 when the Mason Street car park closed to allow the construction of the history centre. Comparative figures between the two financial years highlight a reduction in revenue of 22%. Surface Car Park Revenue 2007/2008 – April to July £252,586 Surface Car Park Revenue 2008/2009 – April to July £207,049

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There has been an increase in the number of on street parking bays during the comparative period. This has been partly due to the reinstatement of on street parking in Bond, Albion and Story Streets following the closure of the temporary bus station. Furthermore on street parking tariffs allow motorists to pay for any period of time up to two hours. However this has not resulted in an increase in revenue over the comparative period, but a decrease of 2%. On Street Parking Revenue 2007/2008 – April to July £471, 150 On Street Parking Revenue 2008/2009 – April to July £458,980

Overall there has been a decrease of 12% in parking revenue for the period April to July 2008 compared to the same period last year. 2.7 Whilst some of the reduction of parking revenue can be attributed to the opening of St Stephens and the additional 1500 parking spaces, other causes have to be taken into account. The current downturn in the economy with families having less disposable income and increased fuel prices are having an effect on peoples travel habits. There is also the effect of the introduction of the English National Concessionary Fare scheme for older and disabled people which was introduced on 1 st April 2008. Previously residents of other local authorities holding concessionary passes could not travel into the city free of charge but the change in legislation means they now can. The overall situation will be closely monitored throughout the year. Trish Dalby Head of Streetscene Services
Contact Officer : Telephone No. : Graham Hall 612003

Background Documents: (i) Car park revenue spreadsheets for multi storey, surface and off street parking 2007/2008 and 2008/2009
Gjh - 27th August 2008


				
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