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what2build | 5 years ago

Parking structures are:

1) an eyesore 2) poor use of space in dense urban areas

Sure let’s reduce urban housing supply cause suburbanites need to drive into town for a little culture. Bringing the noise, smog, and road rage along!

Or build culture out there and bike or walk. Omg.

It’s insanely toxic, and the epitome of first world entitlement.

discuss

order

AmpsterMan|5 years ago

I'd prefer for there to be a more market incentive to build parking garages than a mandate for commercial/offices to have to all have their own parking, or effectively subsidized free street side parking. Think of all the surface area used up by cars parking on the street; pave that over with a sidewalk and allow bars/restaurants to set up shop there. That's what I would like.

owowow|5 years ago

Building a parking spot in a modern building can cost $20k, which is hard to recoup with parking revenue.

If the break even target is 10 years with no interest accrued, we are talking about $5.47 a day in revenue needs to be generated (plus the overhead of managing the lot itself).

How many paid parking lots do you see that are full on a regular basis? Are they really generating revenue even half time?