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Port Orange Riverwalk Parking and Financial Feasibility Study - Port Orange, Florida TimHaahs performed a supply/demand and financial feasibility analysis for the proposed Port Orange Riverwalk development in Port Orange, FL. The study determined the parking required for the development and the surrounding area. The proposed Port Orange project consists of 35 acres, and will include restaurants, specialty retail shops, office space, a marina, and 800 residential units. It will be developed over the course of four phases. The parking components are expected to include structured parking, along with some surface spaces. Two public parking garages are currently planned for the development, along with several private garages below residential towers. TimHaahs recommended the construction of a total of 1,650 spaces, to balance the need to meet the peak parking demand. However, TimHaahs also determined that this was not financially feasible, and reducing the density of the development would reduce parking demand. An alternate scenario would be for the private developer to subsidize the parking from the profits made at the rest of the development. TimHaahs also suggested that a residential parking permit program be considered for neighborhoods near the development, and that on-street parking be controlled to prevent customers, visitors, and employees from parking at these locations. The intent is to maintain the safety, cleanliness, and character of the adjacent neighborhoods, while providing sufficient parking for the success of the proposed development.  
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