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"CASH-OUT" STRATEGIES

WASHINGTON: Parking Cash-Out and Pricing in King County

The King County Parking Cash Out demonstration project is designed to implement Parking Cash Out and other parking management strategies in downtown high-rises in cooperation with building owners and employers; to provide building owners or managers with incentives to shift existing parking supply to carpool, vanpool, or short-term parking; and to reduce the supply and increase the cost of single-occupant monthly vehicle parking. Unfortunately, the serious downturn in the Seattle economy has stalled implementation. However, preliminary results indicate that for the 167 employees offered Parking Cash Out thus far, 17 (over 10 percent) took the cash in lieu of the parking, resulting in an annualized reduction of over 82,000 vehicle miles traveled.

July - September 2003 Update:

Cash Out (FlexPark):

For More Information Contact: Kathy Koss, King County Metro; 400 Yesler Way, M.S. YES-TR-0600, Seattle, WA 98104; Phone (206) 684-1649, Fax (206) 684-2058, e-mail Kathy.Koss@metrokc.gov.

WASHINGTON: Cash-Out of Cars in King County

The Way to Go, Seattle! "One-Less-Car Demonstration Study" asks households to use one less car and keep daily records of how they got around. Households were provided with information on how much their car actually costs to own and operate, as well as information on how to get around by biking, busing, and walking. Participant households are provided with a weekly study stipend during this time to simulate the financial savings they would realize if they were to actually sell one of their cars (the national average cost of owning/operating a second car is $85 per week). Daily records, odometer readings, and anecdotal stories are analyzed to document costs and to understand whether or not households made significant behavior changes such as consolidating trips, carpooling, taking transit, biking, or walking.

The eighty-six participant households reduced total miles driven by 41,463, or an average of 1,974 miles not driven per week. Likewise, participants collectively saved a total of 8,003 fewer car trips, or an average of 381 fewer trips per week. Finally, the eighty-six households reduced total CO2 emissions by 30,198 pounds, or an average of 1,438 pounds per week. Additionally, 20 percent sold their "extra" car after participating in the study or during the selection process.

July - September 2003 update: The Final Report with stand-alone Executive Summary, Replicability Package, and grant obligations is complete. 50 CD-Rom copies of the Replicability Package disc will be duplicated. Arrangements are also being made to post all of the Replicability Package documents on the project webpage (www.seattle.gov/waytogo).

A pilot version of the "One Less Car Challenge" was launched in September 2003. The Challenge is based on the results of the Demonstration Study that showed that many types of households from all over Seattle were able to reduce drive-alone car trips, and the accompanying mileage and emissions, when given information about 1) the availability multi-modal transportation choices and 2) the actual costs of owning and operating their second (and in some cases their primary) car.

For More Information Contact: Ms. Jemae Hoffman, Mobility Manager for the Policy, Planning, and Major Projects Division of Seattle Department of Transportation; Phone (206) 684-8674; Fax (206) 684-5180; e-mail jemae.hoffman@seattle.gov or visit www.seattle.gov/waytogo.

 

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