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No minimum parking requirements
Did the Council vote to nix minimum parking requirements? I think this is a fabulous idea and will lead to more infill development downtown with tall skinny buildings. This is definitely true in two places I have visited: Sao Paulo and Tokyo . Both have extremely narrow 10+ story buildings with zero parking. That's not possible now. Take the building behind the Driskill as an example. It was for sale for years at $1.2 million. Problem is, the footprint is so small there is no way to provide parking. No that barrier is removed. Granted, the rent someone could get for a building with no parking is lower, but removing this requirement makes small sites near areas with large underused parking garages highly desirable. Also, using that site as an example, imagine the marketability of a tall narrow condo or apt building with NO parking but moe affordable than other options downtown with parking. I think they would be gobbled up. Do others agree?
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