§ 16-502. Land-banked future parking.

(a) In general.

Land banking allows for designating a portion of land on a site that would be required for parking to be held and preserved as open space, rather than constructed as parking. The Department of Planning may permit land banking of up to 25% of the required parking spaces through the site plan review process, subject to the requirements of this section.

(b) Prerequisites.

(1) Reduced current parking needs.

The applicant must provide sufficient evidence that supports the reduced parking needs.

(2) Area suitable for future parking.

The area proposed for land banking of parking spaces must be an area suitable for parking at a future time.

(c) Exclusive use for land-banking.

The land-banked area may not be used for any other use and must be part of the same lot and all under the same ownership.

(d) Designation on site plan

As part of the site plan review process, the applicant must show the area to be banked on the site plan and marked as "Land-Banked Future Parking".

(e) Conversion to parking spaces.

The Zoning Administrator, on the basis of increased parking demand for the use, may require the conversion of all or part of the land-banked area to off-street parking spaces.