Quote:
Originally Posted by matt602
I don't see how the city can force a minimum number of parking spots on any development. This just seems bizarre to me.
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A development like a shopping centre, condo tower, or entertainment destination will require space for parking cars to meet projected needs. If this is not provided by the developer, cars will have to park on the street (increased costs for city), park illegally, or use another private parking lot (which may or may not be for customers only).
Otherwise developers could just build no parking and off-load that demand onto the city and to private landowners, who pay a lot of money for parking for their customers and don't want other people parking there who aren't using their business. Sometimes developers pay cash in lieu of parking, meaning they pay the city money to exempt them from the requirements, and the city uses this money for parking lots, parking garages, etc.
Many people feel this is poor policy and parking should be driven by market demand with maximums put in place to ensure good urban form.
good link:
http://shoup.bol.ucla.edu/