The Health Care industry is in a transitional period. The United States has been the world leader providing premier cutting edge quality of care for many years, but as the world economy is changing, so is the face of health care provision in the states. Health Care executives are dealing with changing financial burdens, shifts in health care standards and the on-set of the baby boomers coming into the realm of health care needs. Parking is a constant and persistent issue for health care campuses nationwide, but is repeatedly ignored for what is commonly deemed as “more pressing issues.” But in the presence of the parking denial is a need for the campus to grow, allow for more patients, more staff, all on a shrinking campus footprint and budget, adding further pressure to parking problems. These are the stories we at SPS hear on a weekly basis - they are not unique nor are the arbitrary.
How can hospital campuses be strategically positioned in this post-reform era to meet its increasing demand and associated revenue potential? One answer is to optimize the campus’s carrying capacity to flexibly respond to post-reform market opportunity. Health care institutions ask how can this be done with so much uncertainty? Our answer – by using a capacity-based campus planning process. Simply stated, this approach to site planning establishes a campus’s ultimate development capacity and maximizes its remaining real estate build-out options.
Typically, the main competitors for a campus’s limited real estate are 1) revenue generating facilities that are needed to deliver services and 2) convenient parking for automobile- dependant service providers and patients/guests. Optimizing campus revenue potential is directly correlated with the amount of revenue-producing buildable area and allowable intensity in relation to appropriately located, sized and phased parking capacity. Identifying this is the objective of capacity-based campus planning. While this is a novel approach for hospital campus master planning, it is a time-tested approach for developing site constrained real estate – and is especially appropriate for optimizing the revenue potential on hospital campuses during times of flux and uncertainty.
With our vertical approach to parking development, streamlining every portion of the development process from verifying demand needs to value engineering during design (not afterwards) to parking management, we bring the Team approach to parking solutions. Our staff and associate membership are in place to help you turn your parking liabilities into an asset for your health care campus.
College / University
Educational institutes are facing new challenges which they have never faced before. State funded schools are being hit with State Funding Proration’s. Private institutions are being hit by low rate of return on capital funding accounts. All institutions are faced with varying needs pertaining to student enrollment; most schools are facing a demand increase for on-campus housing. With all these pressures, school management is struggling to keep the demand needs in check, and at the same time, satisfy their staff and teachers. Toss into the mix athletics, accreditation boards, the need to increase campus classrooms and housing, along with other ancillary departments needs, and administrators find their hands full.
In most cases, education administrators, in their view, have much more pressing issues, which is where Structured Parking Solutions can help. Educators understand pressures from lack of safe, secure and well placed parking for their campuses. They also truly understand the danger of not addressing these needs. Administrators know they must guard precious bonding capacity for non-revenue development projects. These are the very reasons SPS excels in parking solutions for educational campuses. With our vertical approach to parking development, streamlining every portion of the development process from verifying demand needs to value engineering during design (not afterwards), to parking management, we bring the Team approach to parking solutions. Our total solution team is in place to help you turn your parking liabilities into an asset for your campus, and in many cases, can provide these services, including off-balance sheet financing.
Municipal / Governmental
Competition and Concessions - these are the two words city and governmental leaders hear more today than ever before. Companies, industries, and developers today are pitting cities against each other for their business, asking what the city will pay, supply, or supplement if their business comes to their city. Cities find their tax bases shrinking due to lower retail sales, the declining economy, and competition by other cities for permanent taxpaying citizens. Cities are experiencing devalued bond ratings, and higher yields paid on bonds, thus cities have lower credit ratings and must pay higher yields on the credit they are extended on the bond markets. In the midst of this, cities need to grow and there is available Federal money to help attract intercity growth. But cities seldom think about parking infrastructure needs until it is a problem or until it is a demand for growth and re-development needs.
Further prioritizing the importance of parking is that it is the first and last image (impression) a visitor has of the City. When companies are considering locating in a city, questions pertaining to schools, neighborhoods, and infrastructure items like parking are tops on their lists. These are just a few reasons why parking should be addressed, not ignored. Parking can and should be an asset not a liability. Structured Parking Solutions (SPS) understands these challenges and excels in solving City parking issues.
Structured Parking Solutions is a City’s single parking solution provider. Our full list of services include parking demand studies, design drawings, budgets and Pro forma’s, general contracting services, project and construction management, post construction management of city parking, deck and equipment maintenance, and finance options. Our completely vertical approach to parking saves a city time, money, and headaches.
Development and construction processes are quickly evolving today. With focus shifting towards sustainability, the “green” movement, conservation, and “Smart” technologies, developers are more sensitive to these needs than ever before. Parking is also critically important to the success of all development projects, whether it is an office building, multi-family development, commercial, retail, or industrial project.
When conservation needs are combined with parking needs and high land costs, many times the answer is vertical parking. Vertical parking, (parking decks) have come a long way in the past 50 years, through new manufacturing techniques and materials, parking decks have become cheaper, more efficient and aesthetically pleasing. Parking decks fit sustainability requirements perfectly through conservation of land, decreased storm water run-off, decreased lighting costs, decreased levels of community heat domes, and decreased vehicular emissions associated to vehicles driving long distances looking for parking.
Structured Parking Solutions is aware of these benefits and the parking needs associated to modern development projects. SPS brings the team approach to parking development. By providing all development services under single source responsibility we remove the middlemen, bring in a cooperative team approach to parking problem solving, and incorporate Value Engineering principals throughout the entire process, thus providing our clients the most cost favorable option which is right for their needs, in a timely and affordable fashion. Our design team is second to none, having collective experience on over 150 parking structures throughout the nation. Our construction teams have experience in building on and around tight complex environments.
Our experience in parking facility financing is critically important, especially in today’s challenging banking environment. While every project has unique financing restraints and requirements, in most cases, SPS can provide construction and/or permanent financing for your parking structure. Financing options include leases, lease to purchase, and options where we may simply choose to build finance and own the parking structure associated to your project. Many of our options include “off-balance sheet” financing plans which protect critical leading limits that may exist on for overall project. We will assist in formation of TIFF, Business Improvement District, and other creative finance options.