This study is aimed at identifying the parking needs and possible financing opportunities for upgrading the existing park-n-ride facility in the Howard/Paulina (HP) area in Chicago, Illinois in conjunction with a proposed transit center development. The development entails a mixture of retail, office and residential land uses. Specifically, this study is intended to examine whether demand for parking spaces, either on a rental and/or purchase basis justifies a 500 car park and ride facility.
This report presents results of an analysis of parking demand and supply in the Taylor Street commercial area from Morgan Street to Racine Avenue. The motivation for this analysis is the interest of the Taylor Street Business and Residents Committee in determining how to maximize the limited parking facilities in the area for the benefit of local businesses and residents.