Parking demand and responsiveness to supply, pricing and location in the Sydney central business district

This paper investigates the role of parking pricing and supply by time of d ay in whether to drive and park in the central business district (CBD). A s tated preference survey of car drivers and public transport users was under taken at a number of parking locations, public transit interchanges, and sh opping centres in Sydney CBD during 1998. In the context of a current trip to the CBD, respondents were asked to consider six alternatives, including three parking locations in the CBD, park outside of the CBD with public tra nsport connection to the CBD, switch to public transport, or forego that tr ip to the CBD. The three parking locations were defined by hours of operati on, a tariff schedule, and access time to the final destination from the pa rking station. Data from the survey were then used to estimate a nested log it model of mode and parking choices, which was then used to simulate the i mpacts of supply pricing scenarios on CBD parking share. The change in CBD parking share attributable to supply by time of day is less than 3%, compar ed to 97% attributable to parking prices. (C) 2001 Elsevier Science Ltd. Al l rights reserved.