Title
PBIA Phase 2 Discussion
Recommended Action
No action requested
Report
Issue:
Discussion on the PBIA Restructure Phase 2 Project
Staff Contact:
Jennica Machado, Economic Development Director, Community Development, 360.480.9167
Presenter(s):
Jennica Machado, Economic Development Director, Community Development,
Background and Analysis:
The Parking Business Improvement Area (PBIA) Advisory Board and the Olympia City Council reviewed the Phase 1 PBIA Evaluation and approved Phase 2 to move forward. Phase 2 has been underway since July 2026. The Thurston Economic Development Council has been serving as the lead consultant.
Recent updates will be provided as to the current progress and potential changes moving forward.
Climate Analysis:
There are no climate impacts from this item.
Equity Analysis:
The Phase 2 evaluation will apply an equity lens to both the stakeholder engagement process and the restructuring of the PBIA model. The analysis will focus on creating an equitable ratepayer structure that considers the impacts on marginalized, low-income, or minority-owned business communities downtown to prevent unintended financial or operational harm.
Neighborhood/Community Interests (if known):
No community comments have been received. Direct outreach, surveys, and formal neighborhood comment periods will be conducted.
Options:
1. Discuss Phase 2 updates
2. Do not discuss Phase 2 updates
3. Discuss Phase 2 updates at a later time
Financial Impact:
The Phase 2 PBIA Restructure project is funded with twenty five percent PBIA funds and twenty five percent City general funds. The contracts are not to exceed fifty thousand dollars.
Attachments: