Downtown Parking Committee - September 10, 2026

The City of Santa Barbara Downtown Parking Committee met on September 10, 2026, to discuss several key topics related to downtown parking operations and development projects. The committee reviewed the fiscal year 2026 fourth quarter parking budget, reporting positive revenue results including a $600,000 surplus over budget and a $1.5 million net operating gain, attributed to increased hourly parking revenue, permit sales, and new lot additions such as the Helena lot. Expenditures were under budget, contributing to improved reserve levels. The committee also discussed parking occupancy and revenue during the recent Fiesta event, noting strong demand and increased paid hours. Additionally, the committee received a detailed briefing on the Pan Noeo development agreements involving Yardi Systems and DSP, which include provisions for parking permits in lots 1, 2, and 10, with commitments for public parking spaces and associated fees. The agreements anticipate increased parking revenue and outlined the management and allocation of parking spaces tied to the new developments. Questions from committee members addressed permit fees, parking space allocations, and future infrastructure considerations. No formal votes on procurement or contracts were recorded during this meeting, but the discussion highlighted ongoing management and financial oversight of parking assets and related development agreements.