[owowow]

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?

[adrianN]

So you're arguing parking is way too cheap and we should make it more expensive. I think that's generally a consensus opinion among city planners.