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. Strategy 9: Adopt Innovative Parking Tools <br /> 0pp.0404141410 , <br /> Frequent and reliable transit service within walking distance of housing and commercial uses <br /> reduces the amount of parking needed as part of new development. Requirements for parking that <br /> are inflexible and exceed demand can drive up development costs and resulting prices and rents, <br /> '�' ____� and may render new development infeasible. A range of innovative parking tools are available for <br /> use in transit communities that are effective in supporting TOD while meeting the limited parking <br /> needs of a transit rich environment. <br /> Puget Sound Regional Council <br /> 9.1 Amend PSRC policy and plan review process to include guidance on parking best practices and innovative <br /> tools for use in transit station areas. <br /> 9.2 Collaborate with King County to further develop the data and tools included in the Right Size Parking project for <br /> application in transit communities throughout the region. <br /> 9.3 Establish criteria for transportation project funding that incentivize local adoption of comprehensive parking <br /> y management strategies and innovative best practices(see 9.6). <br /> C <br /> ,O Transit Agencies <br /> u 9.4 Work with local governments to coordinate implementation of access plans for transit stations and parking <br /> Q management strategies for station areas. <br /> CULocal Governments <br /> C 9.5 Adopt a district-wide management strategy for both on-and off-street parking as part of the station area plan or <br /> CU policies. <br /> E 9.6 Adopt,where appropriate, innovative off-street parking management tools,such as: <br /> E0 • Flexible or market-driven parking regulations <br /> u • Reduced or eliminated parking requirements for special populations and locations with access to frequent <br /> CU <br /> CU transit <br /> • Limits on the maximum amount of parking that can be included in a development, <br /> • "Unbundling"the cost of parking from housing unit prices/rents <br /> • Shared parking facilities <br /> • Support for car sharing options <br /> • Transportation demand management <br /> 9.7 Where parking demand is high, adopt on-street parking management strategies, such as metered parking and <br /> residential parking zones. <br /> Priority Transit Communities for this Strategy <br /> • Transit communities with current high capacity transit service or expected within 10 years,and other regionally significant <br /> transit communities <br /> 36 <br /> The Growing Transit Communities Strategy ( Public Review Draft I May 2013 <br />