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WEST MAIN STREET PARKING OPPORTUNITIES AND ANALYSIS <br /> City of Charlottesville <br /> <br />Nelson\Nygaard Consulting Associates Inc. | 27 <br /> Access from West Main Street or 4th Street (south approach) <br /> Existing surface parking lot <br />Deficiencies <br /> Two privately owned parcels <br /> Very limited yield potential <br /> Existing commercial uses <br /> Eastern location <br /> <br />As previously stated the cost to provide a new facility can vary with the type of construction. <br />Recent construction costs have however, shown that show the national average for constructing <br />an off-street parking space at approximately $15,000 per space in a multi-level facility. A single <br />level facility would bear lower costs in the region of approximately $10,000/space. In addition <br />“soft” costs throughout the process such as design, financing and permitting can add as much as <br />30-40% to the total constructions costs. <br /> <br />