ATTACHMENT 2

Parking Services

The suggestion of stop charging at 7:00 pm in Lot 2, Lot 3 and Lot 5 is not economically feasible. At Lots 3 and 5, with a loss one hour of business we estimate a loss of approximately $165.00 per day or $990 per week. Total estimated revenue loss - $51,408 annually.

At Lot 2 we earn approximately $400 per day after 7:00 Monday thru Thursday and $700 on Friday and Saturday.  Most of that revenue occurs even though we leave with the lot 50% occupied. That equates to $3000 a week.  The average for the year would be slightly less because in the summer when the students are not here those numbers would be about half, but that is still a $1500 a week loss.  Total estimated revenue loss - $150,000 annually.