Thursday, April 5, 2012

Describing the Problem





Old Dominion University students have voiced their displeasure regarding inadequate parking spaces and the expensive cost of parking passes. Student commuters attending classes between 10am-2pm are forced the pay metered parking in addition to their already purchased parking permits due to lack of parking spaces.    

Building new parking garages, or reconstructing the parking permit system would utilize the vacant football stadium space to provide sufficient parking. Furthermore, the traffic flow along Hampton Boulevard and the surrounding vicinity of ODU campus should reveal a significant improvement by alleviating students waiting and encircling the garages for an available parking space.
Funding for the restructuring project will be in part acquired from revenue of metered and parking permits of students, staff, and faculty.  

Information was obtained from a meeting with ODU Parking and Transportation services detailing a Five Year Strategic plan implemented in 2010, regarding the financial and restructuring project of the parking lots and garages. A survey taken of students, staff, and faculty suggest the plan addresses the parking situation of non full-time students demand for increase in hourly parking spaces and an increase in garage space for staff and faculty.

The addition of hourly parking would create limited parking for permit holders, therefore utilizing the vacant football stadium to create more spaces is deemed logical and efficient for ODU.


Data
from parking services
    



Topics covered by parking services include limiting eligibility to purchase permits, limiting parking to certain areas, parking permit costs based on lot availability, and overall student commuter satisfaction. For a more detailed view of this survey please click on the link below.



ODU Proposed Parking Solutions


New Faculty Parking

  • Replace garage A and B with metered and faculty parking.
  • Moved student commuter parking to Lot 1 and Garage D.
  • No increase in student parking permits for the 2012-2013 year.
  • Moved some transitional parking to the street.

4/12/2012 Parking Changes





Group Suggested Changes

  • Build a 526 space parking garage on the old football stadium.
  • Get rid of metered parking in garage A.
Estimated Cost to Make Proposed Changes
  • This is assuming a five-story construction with each story measuring in at ten feet in height.  Such a building would run at an average of $8.56 million to complete. ( http://www.fixr.com/costs/build-parking-garage)
  • Add a 25 dollar fee to the tuition bill per semester to help pay for these changes. (23,000 students * 25 dollars = 575,000 dollars per semester)
  • This would take approximately 15 semesters if this was the only source of income, not including interest.
  • Increase Parking permit cost by 10 dollars.  (10,556 permit holders * 10 dollars = 105,560 dollars per semester)
  • In addition to the extra tuition charge, this would take 13 semesters to fully pay the cost of a garage.
  • Take out a loan to build it and pay it off with the extra tuition fees.