CO SB027

Allows public and private entities to lease, own, or operate parking facilities at or near Regional Transportation District (RTD) mass transit stations for public use without requiring the facility to be classified as a district parking facility unless operated under a contract with RTD that provides the district a share of parking revenues

Requires the RTD and other local governments to consult with each other before establishing zoning, seeking governmental authorization, or entering contracts for privately owned or managed parking facilities intended for RTD system users

Directs the RTD to use any cost savings from third-party parking development and revenues received from related contracts to complete portions of the FasTracks projects currently not under construction

Amends the definition of "district parking facility" in Colorado Revised Statutes 32-9-119.9 to include facilities leased and operated by the district

Promotes ridership of RTD buses and rail by aligning parking costs with actual use and facilitates transit-oriented development