This Study’s primary goal is to comprehensively analyze parking meter rates, parking garage rates, permit rates, replacement rates, and citation fees in the downtown, and neighborhood and in the parking garages. The aim of this study is to provide a detailed comprehensive review of our current parking operation, evaluate the economic and social impacts of existing rates, use of technology and mobile apps in both on and off street parking operations this will include all types of meter technology, handheld technology, which should include license plate recognition (LPR). Identifying any potential areas for improvement or necessary increase. The Respondent shall perform the following: Parking Garage Rate Analysis: The Study will conduct a comprehensive analysis of parking garage rates in the City of Bloomington. This examination encompasses a detailed review of the current garage rate structure, considering factors such as hourly rates, daily rates, and any special pricing for extended periods. The Study will also assess the economic and social implications of the existing garage rates, exploring their impact on user behavior and revenue generation for the City. Furthermore, a comparative analysis will be undertaken to benchmark City of Bloomington garage rates against those of similar cities, aiming to establish benchmarks and gauge the competitiveness of the City’s parking facilities. This would include the new residential Hopewell garage that is tentatively slated to be opened the summer of 2025...
